SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) Reaches New 12-Month High – Still a Buy?

SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $60.39 and last traded at $60.1550, with a volume of 13914 shares changing hands. The stock had previously closed at $59.89.

SPDR S&P Global Natural Resources ETF Price Performance

The company has a fifty day moving average price of $58.77 and a 200 day moving average price of $56.09. The stock has a market cap of $3.94 billion, a P/E ratio of 16.16 and a beta of 0.81.

Hedge Funds Weigh In On SPDR S&P Global Natural Resources ETF

Hedge funds have recently added to or reduced their stakes in the stock. NBT Bank N A NY boosted its position in shares of SPDR S&P Global Natural Resources ETF by 650.0% during the second quarter. NBT Bank N A NY now owns 750 shares of the company’s stock valued at $41,000 after buying an additional 650 shares during the last quarter. CWM LLC increased its position in shares of SPDR S&P Global Natural Resources ETF by 140.0% during the 3rd quarter. CWM LLC now owns 864 shares of the company’s stock valued at $51,000 after purchasing an additional 504 shares during the last quarter. IFP Advisors Inc raised its stake in shares of SPDR S&P Global Natural Resources ETF by 100.0% during the 1st quarter. IFP Advisors Inc now owns 1,000 shares of the company’s stock worth $53,000 after purchasing an additional 500 shares during the period. Smartleaf Asset Management LLC purchased a new position in shares of SPDR S&P Global Natural Resources ETF in the 3rd quarter worth about $79,000. Finally, Stone House Investment Management LLC bought a new position in SPDR S&P Global Natural Resources ETF during the first quarter valued at about $87,000.

SPDR S&P Global Natural Resources ETF Company Profile

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.