SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) Sets New 52-Week High – Time to Buy?

Shares of SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $80.14 and last traded at $79.40, with a volume of 458510 shares. The stock had previously closed at $78.80.

SPDR S&P Global Natural Resources ETF Stock Performance

The company has a market capitalization of $5.25 billion, a PE ratio of 16.16 and a beta of 0.64. The company has a 50 day moving average price of $73.46 and a 200 day moving average price of $73.21.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Schroder Investment Management Group bought a new stake in shares of SPDR S&P Global Natural Resources ETF in the 4th quarter worth about $155,705,000. Oxford Financial Group LTD. LLC grew its stake in SPDR S&P Global Natural Resources ETF by 1,026.5% in the second quarter. Oxford Financial Group LTD. LLC now owns 1,690,960 shares of the company’s stock worth $91,718,000 after purchasing an additional 1,540,847 shares in the last quarter. Capital Wealth Management LLC acquired a new position in SPDR S&P Global Natural Resources ETF in the second quarter worth about $29,308,000. Rodgers & Associates LTD bought a new stake in SPDR S&P Global Natural Resources ETF in the second quarter valued at about $26,065,000. Finally, Luken Investment Analytics LLC acquired a new stake in SPDR S&P Global Natural Resources ETF during the second quarter valued at approximately $24,507,000.

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.