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

SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $79.49 and last traded at $79.02, with a volume of 224651 shares traded. The stock had previously closed at $79.26.

SPDR S&P Global Natural Resources ETF Trading Down 0.9%

The company has a 50 day moving average of $71.57 and a 200 day moving average of $72.82. The firm has a market cap of $5.18 billion, a price-to-earnings ratio of 16.16 and a beta of 0.62.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in GNR. International Assets Investment Management LLC acquired a new stake in shares of SPDR S&P Global Natural Resources ETF during the 1st quarter worth about $25,000. Western Wealth Management LLC bought a new position in SPDR S&P Global Natural Resources ETF during the 1st quarter valued at about $27,000. 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. Cassaday & Co Wealth Management LLC acquired a new position in SPDR S&P Global Natural Resources ETF in the first quarter valued at about $29,000. Finally, Cornerstone Planning Group LLC grew its stake in 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 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.