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

SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) shares saw an uptick in trading volume on Tuesday . 292,211 shares were traded during mid-day trading, an increase of 23% from the previous session’s volume of 237,449 shares.The stock last traded at $66.5660 and had previously closed at $66.54.

SPDR S&P Global Natural Resources ETF Price Performance

The company has a market cap of $4.09 billion, a P/E ratio of 16.16 and a beta of 0.81. The business’s 50 day moving average price is $62.05 and its 200-day moving average price is $59.13.

Institutional Trading of SPDR S&P Global Natural Resources ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. First Command Advisory Services Inc. acquired a new position in SPDR S&P Global Natural Resources ETF during the 3rd quarter worth about $300,016,000. Envestnet Asset Management Inc. raised its stake in shares of SPDR S&P Global Natural Resources ETF by 2,450.3% in the third 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 during the last quarter. Pure Financial Advisors LLC lifted its position in shares of SPDR S&P Global Natural Resources ETF by 5.0% during the third quarter. Pure Financial Advisors LLC now owns 2,049,457 shares of the company’s stock worth $121,348,000 after purchasing an additional 96,855 shares in the last quarter. Oxford Financial Group LTD. LLC grew its stake in shares of SPDR S&P Global Natural Resources ETF by 1,026.5% during the second quarter. Oxford Financial Group LTD. LLC now owns 1,690,960 shares of the company’s stock valued at $91,718,000 after purchasing an additional 1,540,847 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in shares of SPDR S&P Global Natural Resources ETF by 0.7% during the third quarter. Bank of America Corp DE now owns 973,346 shares of the company’s stock valued at $57,632,000 after purchasing an additional 6,725 shares during the last quarter.

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.