SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) Reaches New 52-Week High – Should You Buy?

SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $77.14 and last traded at $77.13, with a volume of 15127 shares trading hands. The stock had previously closed at $75.24.

SPDR S&P Global Natural Resources ETF Stock Up 3.1%

The firm has a market capitalization of $5.13 billion, a P/E ratio of 16.16 and a beta of 0.62. The business’s 50 day moving average is $70.71 and its two-hundred day moving average is $72.44.

Institutional Trading of SPDR S&P Global Natural Resources ETF

Hedge funds and other institutional investors have recently made changes to their positions 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 $155,705,000. Oxford Financial Group LTD. LLC lifted its holdings in shares of 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 valued at $91,718,000 after buying an additional 1,540,847 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in SPDR S&P Global Natural Resources ETF by 2,951.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 354,574 shares of the company’s stock valued at $22,033,000 after buying an additional 342,954 shares in the last quarter. First Command Advisory Services Inc. boosted its stake in SPDR S&P Global Natural Resources ETF by 5.8% during the fourth quarter. First Command Advisory Services Inc. now owns 5,359,762 shares of the company’s stock valued at $333,056,000 after buying an additional 292,774 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in SPDR S&P Global Natural Resources ETF by 41.7% during the second quarter. Bank of America Corp DE now owns 966,621 shares of the company’s stock valued at $52,430,000 after buying an additional 284,392 shares in 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.