SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) Hits New 12-Month High – Should You Buy?

SPDR S&P Global Natural Resources ETF (NYSEARCA:GNRGet Free Report) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $67.17 and last traded at $66.93, with a volume of 279410 shares traded. The stock had previously closed at $65.65.

SPDR S&P Global Natural Resources ETF Stock Up 1.9%

The company has a market capitalization of $4.11 billion, a price-to-earnings ratio of 16.16 and a beta of 0.81. The stock has a 50 day simple moving average of $61.59 and a 200 day simple moving average of $58.87.

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

Several large investors have recently added to or reduced their stakes in GNR. Qube Research & Technologies Ltd acquired a new position in shares of SPDR S&P Global Natural Resources ETF during the third quarter valued at $28,000. NBT Bank N A NY increased its holdings 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 acquiring an additional 650 shares during the period. CWM LLC lifted its position in SPDR S&P Global Natural Resources ETF by 140.0% in 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. Smartleaf Asset Management LLC acquired a new position in SPDR S&P Global Natural Resources ETF during the 3rd quarter valued at about $79,000. Finally, Private Trust Co. NA grew its position in SPDR S&P Global Natural Resources ETF by 294.6% in the 2nd quarter. Private Trust Co. NA now owns 1,815 shares of the company’s stock worth $98,000 after purchasing an additional 1,355 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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