SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) Sets New 1-Year High – What’s Next?

SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) hit a new 52-week high on Wednesday . The company traded as high as $80.14 and last traded at $79.40, with a volume of 458510 shares changing hands. The stock had previously closed at $78.80.

SPDR S&P Global Natural Resources ETF Stock Up 0.8%

The company has a 50 day moving average of $73.46 and a 200-day moving average of $73.21. The stock has a market capitalization of $5.25 billion, a P/E ratio of 16.16 and a beta of 0.64.

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

A number of institutional investors have recently modified their holdings of the business. Hedeker Wealth LLC lifted its holdings in SPDR S&P Global Natural Resources ETF by 0.9% in the second quarter. Hedeker Wealth LLC now owns 14,642 shares of the company’s stock worth $986,000 after acquiring an additional 132 shares during the last quarter. Squarepoint Ops LLC increased its position in SPDR S&P Global Natural Resources ETF by 68.7% in the second quarter. Squarepoint Ops LLC now owns 4,811 shares of the company’s stock worth $324,000 after buying an additional 1,960 shares during the period. Tobias Financial Advisors Inc. acquired a new stake in SPDR S&P Global Natural Resources ETF in the second quarter worth $6,777,000. Montz Harcus Wealth Management LLC bought a new stake in SPDR S&P Global Natural Resources ETF in the second quarter valued at $1,943,000. Finally, High Net Worth Advisory Group LLC acquired a new position in shares of SPDR S&P Global Natural Resources ETF during the second quarter valued at $430,000.

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.