SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) Reaches New 1-Year High – Should You Buy?

Shares of SPDR S&P Global Natural Resources ETF (NYSEARCA:GNRGet Free Report) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $68.21 and last traded at $67.6850, with a volume of 147066 shares traded. The stock had previously closed at $66.67.

SPDR S&P Global Natural Resources ETF Stock Up 1.9%

The firm has a market capitalization of $4.25 billion, a PE ratio of 16.16 and a beta of 0.81. The company has a 50-day moving average of $62.46 and a 200 day moving average of $59.33.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. AQR Capital Management LLC lifted its position in SPDR S&P Global Natural Resources ETF by 211.2% during the first quarter. AQR Capital Management LLC now owns 26,135 shares of the company’s stock valued at $1,392,000 after purchasing an additional 17,737 shares during the last quarter. Farther Finance Advisors LLC bought a new position in shares of SPDR S&P Global Natural Resources ETF in the 2nd quarter worth $202,000. Perigon Wealth Management LLC raised its position in shares of SPDR S&P Global Natural Resources ETF by 1.0% during the 2nd quarter. Perigon Wealth Management LLC now owns 21,103 shares of the company’s stock valued at $1,145,000 after buying an additional 215 shares in the last quarter. Prairiewood Capital LLC lifted its holdings in shares of SPDR S&P Global Natural Resources ETF by 4.3% during the 2nd quarter. Prairiewood Capital LLC now owns 227,104 shares of the company’s stock worth $12,318,000 after acquiring an additional 9,398 shares during the last quarter. Finally, Pure Financial Advisors LLC lifted its holdings in shares of SPDR S&P Global Natural Resources ETF by 2.8% during the 2nd quarter. Pure Financial Advisors LLC now owns 1,952,602 shares of the company’s stock worth $105,909,000 after acquiring an additional 53,241 shares during the last quarter.

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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