SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) Reaches New 52-Week High – What’s Next?

SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR)’s stock price reached a new 52-week high during trading on Thursday . The company traded as high as $79.85 and last traded at $79.1540, with a volume of 63688 shares changing hands. The stock had previously closed at $79.06.

SPDR S&P Global Natural Resources ETF Stock Down 0.6%

The stock has a market cap of $5.21 billion, a P/E ratio of 16.16 and a beta of 0.64. The business has a 50 day moving average price of $72.98 and a two-hundred day moving average price of $73.12.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GNR. First Command Advisory Services Inc. raised its position in shares of 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 during the last quarter. Schroder Investment Management Group purchased a new position in SPDR S&P Global Natural Resources ETF during the fourth quarter valued at $155,705,000. Pure Financial Advisors LLC increased its holdings in SPDR S&P Global Natural Resources ETF by 4.5% in the 4th quarter. Pure Financial Advisors LLC now owns 2,140,794 shares of the company’s stock valued at $133,029,000 after acquiring an additional 91,337 shares during the last quarter. Oxford Financial Group LTD. LLC increased its holdings in SPDR S&P Global Natural Resources ETF by 1,026.5% in the 2nd quarter. Oxford Financial Group LTD. LLC now owns 1,690,960 shares of the company’s stock valued at $91,718,000 after acquiring an additional 1,540,847 shares during the last quarter. Finally, Bank of America Corp DE increased its holdings in SPDR S&P Global Natural Resources ETF by 28.3% in the 1st quarter. Bank of America Corp DE now owns 1,031,629 shares of the company’s stock valued at $77,032,000 after acquiring an additional 227,633 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.