Principal Financial Group Inc. grew its stake in shares of SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR – Free Report) by 65.2% during the first quarter, HoldingsChannel reports. The firm owned 357,075 shares of the company’s stock after purchasing an additional 140,925 shares during the quarter. Principal Financial Group Inc.’s holdings in SPDR S&P Global Natural Resources ETF were worth $26,663,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Signaturefd LLC raised its stake in SPDR S&P Global Natural Resources ETF by 166.7% in the fourth quarter. Signaturefd LLC now owns 400 shares of the company’s stock worth $25,000 after buying an additional 250 shares in the last quarter. International Assets Investment Management LLC bought a new stake in SPDR S&P Global Natural Resources ETF during the 1st quarter valued at approximately $25,000. Qube Research & Technologies Ltd bought a new stake in SPDR S&P Global Natural Resources ETF during the 3rd quarter valued at approximately $28,000. Cornerstone Planning Group LLC grew its holdings in shares of SPDR S&P Global Natural Resources ETF by 575.9% during the 4th quarter. Cornerstone Planning Group LLC now owns 534 shares of the company’s stock worth $33,000 after acquiring an additional 455 shares during the period. Finally, Arax Advisory Partners purchased a new position in shares of SPDR S&P Global Natural Resources ETF during the 4th quarter worth approximately $35,000.
SPDR S&P Global Natural Resources ETF Stock Performance
Shares of NYSEARCA:GNR opened at $69.19 on Tuesday. SPDR S&P Global Natural Resources ETF has a 52-week low of $53.92 and a 52-week high of $76.14. The firm has a market capitalization of $4.58 billion, a P/E ratio of 16.16 and a beta of 0.63. The stock has a 50 day moving average price of $70.93 and a 200-day moving average price of $71.38.
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.
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