SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) Hits New 12-Month Low – Here’s Why

SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) shares reached a new 52-week low on Wednesday . The company traded as low as $50.53 and last traded at $50.59, with a volume of 28366 shares. The stock had previously closed at $50.65.

SPDR S&P Global Natural Resources ETF Stock Performance

The company has a 50-day moving average price of $55.33 and a 200-day moving average price of $55.71. The firm has a market capitalization of $2.92 billion, a P/E ratio of 7.30 and a beta of 0.83.

Institutional Trading of SPDR S&P Global Natural Resources ETF

Several hedge funds have recently added to or reduced their stakes in GNR. Blue Trust Inc. lifted its stake in SPDR S&P Global Natural Resources ETF by 134.2% in the third quarter. Blue Trust Inc. now owns 513 shares of the company’s stock valued at $29,000 after buying an additional 294 shares in the last quarter. Beaird Harris Wealth Management LLC acquired a new stake in shares of SPDR S&P Global Natural Resources ETF during the second quarter worth $50,000. Garde Capital Inc. bought a new position in SPDR S&P Global Natural Resources ETF during the 3rd quarter worth about $101,000. Carolinas Wealth Consulting LLC raised its stake in shares of SPDR S&P Global Natural Resources ETF by 20.0% in the 2nd quarter. Carolinas Wealth Consulting LLC now owns 1,847 shares of the company’s stock valued at $103,000 after purchasing an additional 308 shares during the period. Finally, Cullen Frost Bankers Inc. acquired a new stake in shares of SPDR S&P Global Natural Resources ETF in the 2nd quarter valued at about $123,000.

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.