iShares North American Natural Resources ETF (IGE)
IGE: A Legacy Natural Resources ETF That Lags Its Peers
iShares North American Natural Resources ETF offers a concentrated, oil-and-gas-heavy portfolio with strong value characteristics and a supportive macro backdrop. Despite recent outperformance versus the S&P 500, IGE consistently lags peer ETFs in both long-term and recent risk-adjusted returns. IGE's exclusion of chemicals and steel, high industry concentration, and significant issuer risk limit its appeal compared to more diversified competitors.
IGE: Natural Resource ETF Benefits From Supply Imbalances But Has Underperformed Historically
IGE aims to provide economic exposure to U.S. and Canadian natural resource firms and has performed well recently, mainly due to the Strait of Hormuz crisis. Since its inception in 2001, its total return of 533% failed to outperform either the S&P 500 (869%) or Russell 2000 (741%). The fund is dominated by exposure to oil and gas firms and associated sub-sectors, with minimal exposure to other natural resources.
IGE: Natural Resources Alternative To XLE
IGE is a passively managed ETF that tracks the S&P North American Natural Resources Sector Index. IGE and XLE have similar sector compositions, but IGE has a lower weighting in the top three holdings. IGE may provide a superior return due to overvaluation and overweighting of top holdings in XLE, the fund's similar risk return ratios, and larger expected multiple expansion for IGE.
IGE: Largely Energy, And Worth A Look
The iShares North American Natural Resources ETF is a strong exchange-traded fund for investors looking to gain exposure to North American companies in the natural resources sector. The IGE ETF has a low expense ratio of 0.41% and holds a diverse range of companies involved in the exploration, production, or distribution of natural resources. The fund's top holdings are concentrated in the energy sector, and while it has lagged behind pure play energy funds, it offers a more diversified option for investors.
IGE: Strong Returns In The North American Energy Sector
iShares North American Natural Resources ETF (IGE) tracks an index of U.S. natural resource companies. IGE focuses on the energy and materials sectors, while specifically excluding the Chemical and Steel industries.
IGE Will Benefit From Tight Ongoing Crude
IGE is a broad portfolio of US oil companies. Capacity is very tight, with refineries and rigs being underinvested, and the capacity for OPEC production growth is ultimately pretty limited.
Beyond Energy, 5 ETFs That Are Up This Year
While the energy sector is shining, other sectors are caught up in the sharp market sell-off, with technology bearing the brunt the most. However, a few ETFs have defied the turmoil and are up this year.
iShares North American Natural Resources ETF (BATS:IGE) Shares Sold by Bank of New York Mellon Corp
Bank of New York Mellon Corp lowered its holdings in iShares North American Natural Resources ETF (BATS:IGE) by 24.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 42,568 shares of the company’s stock after selling 13,947 shares during the quarter. Bank of New York Mellon Corp’s holdings in iShares North American Natural Resources […]
Epsilogen licenses first-in-class IgE ovarian cancer drug
UK biotech Epsilogen has licensed rights to a drug for solid tumours developed by Kings College London and
iShares North American Natural Resources ETF (BATS:IGE) Share Price Pass Below 200-Day Moving Average of $26.86
Shares of iShares North American Natural Resources ETF (BATS:IGE) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $26.86 and traded as low as $18.56. iShares North American Natural Resources ETF shares last traded at $19.14, with a volume of 540,287 shares. The business’s fifty […]
iShares North American Natural Resources ETF (BATS:IGE) Stock Price Pass Below Two Hundred Day Moving Average of $27.43
Shares of iShares North American Natural Resources ETF (BATS:IGE) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $27.43 and traded as low as $15.83. iShares North American Natural Resources ETF shares last traded at $16.04, with a volume of 530,565 […]
iShares North American Natural Resources ETF (BATS:IGE) Trading 14.8% Higher
iShares North American Natural Resources ETF (BATS:IGE)’s share price traded up 14.8% during trading on Tuesday . The stock traded as high as $16.00 and last traded at $16.00, 785,278 shares were traded during mid-day trading. The stock had previously closed at $13.94. The company has a fifty day moving average of $23.52 and a […]
Comerica Bank Has $1.01 Million Stock Position in iShares North American Natural Resources ETF (BATS:IGE)
Comerica Bank trimmed its position in iShares North American Natural Resources ETF (BATS:IGE) by 27.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,835 shares of the company’s stock after selling 13,443 shares during the quarter. Comerica Bank’s holdings in iShares North […]
Cambridge Investment Research Advisors Inc. Sells 453 Shares of iShares North American Natural Resources ETF (BATS:IGE)
Cambridge Investment Research Advisors Inc. reduced its stake in shares of iShares North American Natural Resources ETF (BATS:IGE) by 5.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,584 shares of the company’s stock after selling 453 shares during the quarter. Cambridge Investment Research […]
Image Scan Holdings rises on improved sales news
The price of shares in AIM-listed security equipment supplier Image Scan Holding has risen by 21.79% as it announced strong order intake at the end of 2019. The post Image Scan Holdings rises on improved sales news appeared first on Master Investor .
Mercer Investment Management, Inc. Buys Vanguard Dividend Appreciation ETF, Sells iShares North ...
Boston, MA, based Investment company Mercer Investment Management, Inc. (Current Portfolio) buys Vanguard Dividend Appreciation ETF, sells iShares North American Natural Resources ETF during the 3-months ended 2019Q2, according to the most recent filings of the investment company, Mercer Investment Management, Inc.. Continue reading...