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

SPDR S&P North American Natural Resources ETF (NYSEARCA:NANR)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $62.66 and last traded at $62.45, with a volume of 460 shares changing hands. The stock had previously closed at $62.25.

SPDR S&P North American Natural Resources ETF Stock Performance

The stock has a market capitalization of $641.68 million, a P/E ratio of 18.42 and a beta of 1.11. The stock has a 50 day moving average of $59.13 and a 200 day moving average of $55.75.

Hedge Funds Weigh In On SPDR S&P North American Natural Resources ETF

Several institutional investors have recently modified their holdings of the company. Fiduciary Alliance LLC grew its position in shares of SPDR S&P North American Natural Resources ETF by 6.3% during the first quarter. Fiduciary Alliance LLC now owns 47,188 shares of the company’s stock worth $2,620,000 after acquiring an additional 2,778 shares during the last quarter. Flow Traders U.S. LLC bought a new position in shares of SPDR S&P North American Natural Resources ETF during the first quarter worth about $805,000. Horizon Investments LLC grew its position in shares of SPDR S&P North American Natural Resources ETF by 9.0% during the first quarter. Horizon Investments LLC now owns 4,208 shares of the company’s stock worth $234,000 after acquiring an additional 346 shares during the last quarter. Atlantic Union Bankshares Corp bought a new position in shares of SPDR S&P North American Natural Resources ETF during the second quarter worth about $195,000. Finally, NBC Securities Inc. boosted its position in SPDR S&P North American Natural Resources ETF by 120,100.0% during the 1st quarter. NBC Securities Inc. now owns 1,202 shares of the company’s stock worth $66,000 after acquiring an additional 1,201 shares during the period.

SPDR S&P North American Natural Resources ETF Company Profile

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.