SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) Sees Large Volume Increase – Time to Buy?

SPDR S&P Global Natural Resources ETF (NYSEARCA:GNRGet Free Report) shares saw strong trading volume on Monday . 74,360 shares traded hands during trading, a decline of 43% from the previous session’s volume of 129,809 shares.The stock last traded at $51.01 and had previously closed at $50.27.

SPDR S&P Global Natural Resources ETF Price Performance

The firm has a market cap of $2.94 billion, a P/E ratio of 7.30 and a beta of 0.83. The stock’s 50 day moving average is $53.15 and its two-hundred day moving average is $55.01.

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

Several large investors have recently modified their holdings of the stock. Blue Trust Inc. boosted its stake in SPDR S&P Global Natural Resources ETF by 134.2% in the 3rd quarter. Blue Trust Inc. now owns 513 shares of the company’s stock valued at $29,000 after buying an additional 294 shares in the last quarter. Beaird Harris Wealth Management LLC acquired a new stake in shares of SPDR S&P Global Natural Resources ETF in the 2nd quarter valued at $50,000. Garde Capital Inc. acquired a new stake in shares of SPDR S&P Global Natural Resources ETF during the 3rd quarter worth about $101,000. Carolinas Wealth Consulting LLC increased its position in shares of SPDR S&P Global Natural Resources ETF by 20.0% during the 2nd quarter. Carolinas Wealth Consulting LLC now owns 1,847 shares of the company’s stock worth $103,000 after purchasing an additional 308 shares in the last quarter. Finally, Cullen Frost Bankers Inc. acquired a new position in SPDR S&P Global Natural Resources ETF in the second quarter valued at about $123,000.

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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