SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) saw unusually-strong trading volume on Friday . Approximately 473,688 shares changed hands during mid-day trading, an increase of 76% from the previous session’s volume of 269,059 shares.The stock last traded at $56.42 and had previously closed at $55.93.

SPDR S&P Global Natural Resources ETF Stock Performance

The company has a market cap of $3.25 billion, a price-to-earnings ratio of 7.30 and a beta of 0.83. The company has a fifty day moving average of $56.30 and a two-hundred day moving average of $56.77.

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

Hedge funds have recently modified their holdings of the company. Blue Trust Inc. boosted its holdings in shares of SPDR S&P Global Natural Resources ETF by 134.2% during the 3rd quarter. Blue Trust Inc. now owns 513 shares of the company’s stock valued at $29,000 after acquiring an additional 294 shares in the last quarter. Beaird Harris Wealth Management LLC acquired a new position in SPDR S&P Global Natural Resources ETF during the 2nd quarter worth about $50,000. Carolinas Wealth Consulting LLC lifted its holdings in SPDR S&P Global Natural Resources ETF by 20.0% during the 2nd quarter. Carolinas Wealth Consulting LLC now owns 1,847 shares of the company’s stock worth $103,000 after buying an additional 308 shares during the period. EP Wealth Advisors LLC acquired a new position in SPDR S&P Global Natural Resources ETF during the 1st quarter worth about $115,000. Finally, Cullen Frost Bankers Inc. acquired a new position in SPDR S&P Global Natural Resources ETF during the 2nd quarter worth about $123,000.

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.