SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) Sets New 12-Month High – Here’s What Happened

SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $73.74 and last traded at $73.6260, with a volume of 277 shares changing hands. The stock had previously closed at $72.21.

SPDR S&P Global Natural Resources ETF Stock Down 2.5%

The business has a 50-day moving average price of $65.57 and a 200-day moving average price of $60.85. The firm has a market capitalization of $4.58 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

Several hedge funds and other institutional investors have recently modified their holdings of GNR. Signaturefd LLC raised its stake in SPDR S&P Global Natural Resources ETF by 166.7% during the fourth quarter. Signaturefd LLC now owns 400 shares of the company’s stock worth $25,000 after acquiring an additional 250 shares in the last quarter. Qube Research & Technologies Ltd acquired a new position in SPDR S&P Global Natural Resources ETF in the third quarter valued at about $28,000. Cornerstone Planning Group LLC increased its holdings in shares of SPDR S&P Global Natural Resources ETF by 575.9% during the fourth quarter. Cornerstone Planning Group LLC now owns 534 shares of the company’s stock worth $33,000 after buying an additional 455 shares in the last quarter. 4Thought Financial Group Inc. bought a new position in shares of SPDR S&P Global Natural Resources ETF in the fourth quarter valued at approximately $49,000. Finally, CWM LLC grew its position in 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 worth $51,000 after acquiring an additional 504 shares during the last quarter.

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.