SPDR S&P North American Natural Resources ETF (NYSEARCA:NANR) Hits New 52-Week High – Still a Buy?

SPDR S&P North American Natural Resources ETF (NYSEARCA:NANR) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $86.58 and last traded at $85.8890, with a volume of 6353 shares. The stock had previously closed at $85.40.

SPDR S&P North American Natural Resources ETF Price Performance

The business’s fifty day simple moving average is $76.83 and its two-hundred day simple moving average is $68.64. The company has a market cap of $932.06 million, a PE ratio of 18.42 and a beta of 0.75.

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

Several institutional investors and hedge funds have recently modified their holdings of the business. Atlantic Union Bankshares Corp purchased a new position in SPDR S&P North American Natural Resources ETF during the second quarter worth approximately $195,000. Fiduciary Alliance LLC raised its stake in shares of SPDR S&P North American Natural Resources ETF by 6.5% during the 3rd quarter. Fiduciary Alliance LLC now owns 50,294 shares of the company’s stock worth $3,249,000 after buying an additional 3,081 shares during the period. CoreCap Advisors LLC lifted its position in shares of SPDR S&P North American Natural Resources ETF by 62.8% during the 3rd quarter. CoreCap Advisors LLC now owns 451 shares of the company’s stock valued at $29,000 after buying an additional 174 shares in the last quarter. Root Financial Partners LLC purchased a new position in shares of SPDR S&P North American Natural Resources ETF during the 3rd quarter valued at approximately $71,000. Finally, Jones Financial Companies Lllp grew its stake in SPDR S&P North American Natural Resources ETF by 12.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 8,016 shares of the company’s stock valued at $521,000 after acquiring an additional 912 shares during the period.

About SPDR S&P North American Natural Resources ETF

The SPDR S&P North American Natural Resources ETF (NANR) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks an index of US & Canadian firms involved in natural resources and commodities businesses. NANR was launched on Dec 15, 2015 and is managed by State Street.