SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) Reaches New 52-Week Low – Time to Sell?

SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) shares hit a new 52-week low on Friday . The company traded as low as $47.92 and last traded at $47.67, with a volume of 43141 shares trading hands. The stock had previously closed at $51.34.

SPDR S&P Global Natural Resources ETF Stock Performance

The stock has a market capitalization of $2.45 billion, a P/E ratio of 16.08 and a beta of 0.84. The firm has a fifty day moving average price of $53.02 and a two-hundred day moving average price of $53.83.

Institutional Trading of SPDR S&P Global Natural Resources ETF

Hedge funds have recently bought and sold shares of the stock. Principal Financial Group Inc. increased its stake in shares of SPDR S&P Global Natural Resources ETF by 9.5% in the third quarter. Principal Financial Group Inc. now owns 157,622 shares of the company’s stock worth $9,090,000 after purchasing an additional 13,625 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of SPDR S&P Global Natural Resources ETF by 125.5% in the fourth quarter. Blue Trust Inc. now owns 1,157 shares of the company’s stock valued at $58,000 after purchasing an additional 644 shares during the period. US Bancorp DE increased its holdings in SPDR S&P Global Natural Resources ETF by 2.9% during the fourth quarter. US Bancorp DE now owns 19,017 shares of the company’s stock valued at $946,000 after buying an additional 544 shares during the period. Pure Financial Advisors LLC grew its stake in SPDR S&P Global Natural Resources ETF by 9.3% during the 4th quarter. Pure Financial Advisors LLC now owns 1,788,851 shares of the company’s stock worth $89,013,000 after buying an additional 151,624 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its holdings in shares of SPDR S&P Global Natural Resources ETF by 22.5% in the fourth quarter. Jones Financial Companies Lllp now owns 3,288 shares of the company’s stock worth $164,000 after buying an additional 604 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.