SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) Sees Large Volume Increase – Here’s What Happened

SPDR S&P Global Natural Resources ETF (NYSEARCA:GNRGet Free Report) shares saw unusually-strong trading volume on Tuesday . Approximately 658,977 shares changed hands during mid-day trading, an increase of 75% from the previous session’s volume of 375,966 shares.The stock last traded at $69.4130 and had previously closed at $68.15.

SPDR S&P Global Natural Resources ETF Price Performance

The stock has a market capitalization of $4.35 billion, a price-to-earnings ratio of 16.16 and a beta of 0.81. The stock’s 50 day simple moving average is $64.33 and its 200-day simple moving average is $60.25.

Hedge Funds Weigh In On SPDR S&P Global Natural Resources ETF

Several hedge funds have recently bought and sold shares of the business. Creative Planning lifted its position in shares of SPDR S&P Global Natural Resources ETF by 28.4% during the 2nd quarter. Creative Planning now owns 20,847 shares of the company’s stock worth $1,131,000 after purchasing an additional 4,610 shares during the last quarter. Almanack Investment Partners LLC. acquired a new stake in SPDR S&P Global Natural Resources ETF in the 3rd quarter valued at approximately $731,000. Simon Quick Advisors LLC bought a new position in SPDR S&P Global Natural Resources ETF in the 3rd quarter worth approximately $974,000. Pure Financial Advisors LLC lifted its holdings 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 buying an additional 96,855 shares during the last quarter. Finally, Flow Traders U.S. LLC bought a new stake in shares of SPDR S&P Global Natural Resources ETF in the second quarter valued at approximately $4,685,000.

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.

Further Reading

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