SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) Sets New 1-Year High – Still a Buy?

Shares of SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) hit a new 52-week high during trading on Friday . The company traded as high as $64.34 and last traded at $64.3210, with a volume of 157831 shares traded. The stock had previously closed at $63.76.

SPDR S&P Global Natural Resources ETF Price Performance

The stock’s 50-day moving average price is $61.02 and its 200 day moving average price is $58.52. The firm has a market capitalization of $3.95 billion, a PE ratio of 16.16 and a beta of 0.81.

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

Hedge funds and other institutional investors have recently made changes to their positions in the company. Qube Research & Technologies Ltd purchased a new stake in SPDR S&P Global Natural Resources ETF in the third quarter worth about $28,000. NBT Bank N A NY lifted its position in shares of SPDR S&P Global Natural Resources ETF by 650.0% in the 2nd quarter. NBT Bank N A NY now owns 750 shares of the company’s stock worth $41,000 after purchasing an additional 650 shares during the period. CWM LLC boosted its stake in shares of SPDR S&P Global Natural Resources ETF by 140.0% during the third quarter. CWM LLC now owns 864 shares of the company’s stock valued at $51,000 after purchasing an additional 504 shares in the last quarter. Smartleaf Asset Management LLC purchased a new position in SPDR S&P Global Natural Resources ETF during the third quarter valued at approximately $79,000. Finally, Private Trust Co. NA increased its holdings in SPDR S&P Global Natural Resources ETF by 294.6% during the second quarter. Private Trust Co. NA now owns 1,815 shares of the company’s stock valued at $98,000 after buying an additional 1,355 shares during the period.

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.