SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) Sees Unusually-High Trading Volume – Should You Buy?

SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) shares saw an uptick in trading volume on Wednesday. 898,522 shares were traded during trading, an increase of 164% from the previous session’s volume of 340,787 shares. The stock last traded at $75.9380 and had previously closed at $76.57.

SPDR S&P Global Natural Resources ETF Stock Performance

The company has a fifty day moving average of $76.72 and a two-hundred day moving average of $73.81. The firm has a market capitalization of $5.22 billion, a price-to-earnings ratio of 16.16 and a beta of 0.65.

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

A number of hedge funds and other institutional investors have recently modified their holdings of GNR. Envestnet Asset Management Inc. boosted its position in shares of SPDR S&P Global Natural Resources ETF by 1.7% in the second quarter. Envestnet Asset Management Inc. now owns 4,956,055 shares of the company’s stock valued at $333,592,000 after acquiring an additional 82,044 shares during the period. Pure Financial Advisors LLC increased its position in SPDR S&P Global Natural Resources ETF by 4.5% during the fourth quarter. Pure Financial Advisors LLC now owns 2,140,794 shares of the company’s stock worth $133,029,000 after acquiring an additional 91,337 shares during the period. Bank of America Corp DE raised its stake in SPDR S&P Global Natural Resources ETF by 28.3% in the 1st quarter. Bank of America Corp DE now owns 1,031,629 shares of the company’s stock worth $77,032,000 after purchasing an additional 227,633 shares in the last quarter. AMG National Trust Bank raised its stake in SPDR S&P Global Natural Resources ETF by 8.3% in the 1st quarter. AMG National Trust Bank now owns 716,030 shares of the company’s stock worth $53,466,000 after purchasing an additional 54,612 shares in the last quarter. Finally, Capital Wealth Management LLC acquired a new stake in SPDR S&P Global Natural Resources ETF in the 2nd quarter worth about $29,308,000.

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.