SPDR S&P North American Natural Resources ETF (NYSEARCA:NANR) Hits New 1-Year High – Here’s Why

SPDR S&P North American Natural Resources ETF (NYSEARCA:NANR) shares reached a new 52-week high on Wednesday . The company traded as high as $82.75 and last traded at $81.9240, with a volume of 17765 shares. The stock had previously closed at $81.04.

SPDR S&P North American Natural Resources ETF Trading Up 1.8%

The firm has a 50-day moving average price of $72.81 and a 200-day moving average price of $66.25. The company has a market capitalization of $917.17 million, a price-to-earnings ratio of 18.42 and a beta of 0.75.

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

Several hedge funds have recently modified their holdings of the stock. Atlantic Union Bankshares Corp acquired a new position in SPDR S&P North American Natural Resources ETF during the second quarter valued at $195,000. Fiduciary Alliance LLC increased its stake in SPDR S&P North American Natural Resources ETF by 6.5% in the third quarter. Fiduciary Alliance LLC now owns 50,294 shares of the company’s stock valued at $3,249,000 after acquiring an additional 3,081 shares during the period. CoreCap Advisors LLC boosted its holdings in shares of SPDR S&P North American Natural Resources ETF by 62.8% in the 3rd quarter. CoreCap Advisors LLC now owns 451 shares of the company’s stock worth $29,000 after acquiring an additional 174 shares in the last quarter. Root Financial Partners LLC acquired a new stake in shares of SPDR S&P North American Natural Resources ETF in the third quarter valued at approximately $71,000. Finally, Jones Financial Companies Lllp lifted its holdings in SPDR S&P North American Natural Resources ETF by 12.8% in the third quarter. Jones Financial Companies Lllp now owns 8,016 shares of the company’s stock valued at $521,000 after buying an additional 912 shares during the period.

About SPDR S&P North American Natural Resources ETF

The SPDR S&P North American Natural Resources ETF (NANR) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks an index of US & Canadian firms involved in natural resources and commodities businesses. NANR was launched on Dec 15, 2015 and is managed by State Street.