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

Shares of SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $74.27 and last traded at $74.03, with a volume of 84800 shares traded. The stock had previously closed at $73.76.

SPDR S&P Global Natural Resources ETF Stock Up 0.1%

The business has a fifty day moving average price of $67.67 and a 200-day moving average price of $62.03. The company has a market cap of $4.73 billion, a P/E ratio of 16.16 and a beta of 0.81.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. First Command Advisory Services Inc. bought a new position in SPDR S&P Global Natural Resources ETF during the 3rd quarter worth $300,016,000. Envestnet Asset Management Inc. grew its stake in shares of SPDR S&P Global Natural Resources ETF by 2,450.3% in the third quarter. Envestnet Asset Management Inc. now owns 4,646,650 shares of the company’s stock valued at $275,128,000 after acquiring an additional 4,464,453 shares in the last quarter. Schroder Investment Management Group bought a new position in SPDR S&P Global Natural Resources ETF during the fourth quarter worth about $155,705,000. Oxford Financial Group LTD. LLC increased its position in SPDR S&P Global Natural Resources ETF by 1,026.5% during the second quarter. Oxford Financial Group LTD. LLC now owns 1,690,960 shares of the company’s stock worth $91,718,000 after acquiring an additional 1,540,847 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its stake in SPDR S&P Global Natural Resources ETF by 2,951.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 354,574 shares of the company’s stock worth $22,033,000 after purchasing an additional 342,954 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.