SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) Sees Strong Trading Volume – What’s Next?

by · The Markets Daily

SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR – Get Free Report) shares saw an uptick in trading volume on Wednesday. 898,522 shares changed hands during mid-day trading, an increase of 164% from the previous session’s volume of 340,787 shares. The stock last traded at $75.9380 and had previously closed at $76.57.

SPDR S&P Global Natural Resources ETF Stock Performance

The stock’s fifty day moving average price is $76.61 and its two-hundred day moving average price is $73.76. The company has a market cap of $5.20 billion, a P/E ratio of 16.16 and a beta of 0.65.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. lifted its stake in SPDR S&P Global Natural Resources ETF by 1.7% during the second quarter. Envestnet Asset Management Inc. now owns 4,956,055 shares of the company’s stock worth $333,592,000 after purchasing an additional 82,044 shares during the last quarter. Pure Financial Advisors LLC boosted its holdings in shares of SPDR S&P Global Natural Resources ETF by 4.5% in the 4th quarter. Pure Financial Advisors LLC now owns 2,140,794 shares of the company’s stock valued at $133,029,000 after purchasing an additional 91,337 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of SPDR S&P Global Natural Resources ETF by 28.3% in the 1st quarter. Bank of America Corp DE now owns 1,031,629 shares of the company’s stock valued at $77,032,000 after purchasing an additional 227,633 shares in the last quarter. AMG National Trust Bank increased its stake in shares of SPDR S&P Global Natural Resources ETF by 8.3% in the 1st quarter. AMG National Trust Bank now owns 716,030 shares of the company’s stock valued at $53,466,000 after purchasing an additional 54,612 shares during the last quarter. Finally, Cambridge Associates LLC MA ADV increased its stake in shares of SPDR S&P Global Natural Resources ETF by 51.3% in the 4th quarter. Cambridge Associates LLC MA ADV now owns 495,844 shares of the company’s stock valued at $30,812,000 after purchasing an additional 168,097 shares during the last quarter.

About SPDR S&P Global Natural Resources ETF

(Get Free Report)

The SPDR S&P Global Natural Resources ETF (GNR) is an exchange-traded fund that is based on the S&P Global Natural Resources index. The fund tracks an index of global companies in natural resources and\u002For commodity businesses. GNR was launched on Sep 13, 2010 and is managed by State Street.

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