SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) Hits New 1-Year High – Time to Buy?

by · The Cerbat Gem

SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR – Get Free Report)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as $62.51 and last traded at $62.5960, with a volume of 9079 shares traded. The stock had previously closed at $61.92.

SPDR S&P Global Natural Resources ETF Trading Down 0.5%

The firm has a 50-day moving average of $59.73 and a two-hundred day moving average of $57.39. The firm has a market capitalization of $4.07 billion, a P/E ratio of 16.16 and a beta of 0.81.

Institutional Investors Weigh In On SPDR S&P Global Natural Resources ETF

Several hedge funds have recently modified their holdings of the company. First Command Advisory Services Inc. acquired a new position in shares of SPDR S&P Global Natural Resources ETF in the third quarter worth approximately $300,016,000. Envestnet Asset Management Inc. boosted its stake in shares of SPDR S&P Global Natural Resources ETF by 2,450.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 4,646,650 shares of the company’s stock valued at $275,128,000 after purchasing an additional 4,464,453 shares during the last quarter. Pure Financial Advisors LLC increased its position in shares of SPDR S&P Global Natural Resources ETF by 5.0% during the third quarter. Pure Financial Advisors LLC now owns 2,049,457 shares of the company’s stock worth $121,348,000 after buying an additional 96,855 shares during the period. Oxford Financial Group LTD. LLC raised its stake in SPDR S&P Global Natural Resources ETF by 1,026.5% during the second quarter. Oxford Financial Group LTD. LLC now owns 1,690,960 shares of the company’s stock worth $91,718,000 after buying an additional 1,540,847 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in SPDR S&P Global Natural Resources ETF by 0.7% in the third quarter. Bank of America Corp DE now owns 973,346 shares of the company’s stock valued at $57,632,000 after buying an additional 6,725 shares during the period.

SPDR S&P Global Natural Resources ETF Company Profile

(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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