SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) Sees Unusually-High Trading Volume – Here’s Why

SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) saw an uptick in trading volume on Monday . 412,457 shares traded hands during mid-day trading, an increase of 48% from the previous session’s volume of 279,011 shares.The stock last traded at $48.92 and had previously closed at $49.11.

SPDR S&P Global Natural Resources ETF Stock Performance

The firm has a market capitalization of $2.85 billion, a price-to-earnings ratio of 7.30 and a beta of 0.83. The company has a 50 day moving average price of $54.72 and a two-hundred day moving average price of $55.49.

Institutional Investors Weigh In On SPDR S&P Global Natural Resources ETF

Large investors have recently made changes to their positions in the stock. Commonwealth Equity Services LLC boosted its position in shares of SPDR S&P Global Natural Resources ETF by 17.2% during the 2nd quarter. Commonwealth Equity Services LLC now owns 45,131 shares of the company’s stock valued at $2,521,000 after acquiring an additional 6,612 shares during the last quarter. Ingalls & Snyder LLC grew its stake in shares of SPDR S&P Global Natural Resources ETF by 5.7% in the 2nd quarter. Ingalls & Snyder LLC now owns 18,955 shares of the company’s stock valued at $1,059,000 after buying an additional 1,015 shares during the period. Cadence Wealth Management LLC acquired a new stake in shares of SPDR S&P Global Natural Resources ETF during the 2nd quarter worth approximately $855,000. Palisades Hudson Asset Management L.P. raised its position in shares of SPDR S&P Global Natural Resources ETF by 1.5% during the 2nd quarter. Palisades Hudson Asset Management L.P. now owns 59,112 shares of the company’s stock valued at $3,301,000 after buying an additional 864 shares during the period. Finally, PACK Private Wealth LLC lifted its holdings in SPDR S&P Global Natural Resources ETF by 2.5% in the second quarter. PACK Private Wealth LLC now owns 127,384 shares of the company’s stock valued at $7,114,000 after acquiring an additional 3,102 shares during the last quarter.

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.