Palisades Hudson Asset Management L.P. Lowers Stock Position in SPDR S&P Global Natural Resources ETF $GNR

Palisades Hudson Asset Management L.P. lessened its holdings in SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) by 30.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 40,822 shares of the company’s stock after selling 17,808 shares during the quarter. SPDR S&P Global Natural Resources ETF makes up 1.0% of Palisades Hudson Asset Management L.P.’s investment portfolio, making the stock its 23rd largest position. Palisades Hudson Asset Management L.P.’s holdings in SPDR S&P Global Natural Resources ETF were worth $2,537,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Almanack Investment Partners LLC. purchased a new stake in SPDR S&P Global Natural Resources ETF in the 3rd quarter valued at approximately $731,000. Simon Quick Advisors LLC purchased a new stake in SPDR S&P Global Natural Resources ETF in the 3rd quarter valued at approximately $974,000. Asempa Wealth Advisors purchased a new stake in SPDR S&P Global Natural Resources ETF in the 4th quarter valued at approximately $491,000. Envestnet Asset Management Inc. boosted its stake in shares of SPDR S&P Global Natural Resources ETF by 2,450.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 4,646,650 shares of the company’s stock worth $275,128,000 after acquiring an additional 4,464,453 shares in the last quarter. Finally, Fiduciary Financial Group LLC boosted its stake in shares of SPDR S&P Global Natural Resources ETF by 8.8% during the 4th quarter. Fiduciary Financial Group LLC now owns 137,787 shares of the company’s stock worth $8,562,000 after acquiring an additional 11,102 shares in the last quarter.

SPDR S&P Global Natural Resources ETF Price Performance

Shares of NYSEARCA:GNR opened at $73.51 on Thursday. The business’s 50 day simple moving average is $73.74 and its 200-day simple moving average is $66.98. The firm has a market capitalization of $4.80 billion, a price-to-earnings ratio of 16.16 and a beta of 0.68. SPDR S&P Global Natural Resources ETF has a 12 month low of $50.71 and a 12 month high of $76.14.

About SPDR S&P Global Natural Resources ETF

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.