Summit Financial LLC Trims Stock Position in SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR)

Summit Financial LLC lessened its position in shares of SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) by 22.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 421,029 shares of the company’s stock after selling 123,002 shares during the period. SPDR S&P Global Natural Resources ETF comprises 3.3% of Summit Financial LLC’s portfolio, making the stock its 6th largest position. Summit Financial LLC owned 1.69% of SPDR S&P Global Natural Resources ETF worth $19,313,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in GNR. Legacy Advisors LLC bought a new stake in shares of SPDR S&P Global Natural Resources ETF in the 2nd quarter worth approximately $28,000. Advisory Alpha LLC bought a new stake in shares of SPDR S&P Global Natural Resources ETF in the 1st quarter worth approximately $32,000. AdvisorNet Financial Inc lifted its holdings in shares of SPDR S&P Global Natural Resources ETF by 443.0% in the 2nd quarter. AdvisorNet Financial Inc now owns 934 shares of the company’s stock worth $43,000 after purchasing an additional 762 shares during the last quarter. Coastal Capital Group Inc. bought a new stake in shares of SPDR S&P Global Natural Resources ETF in the 2nd quarter worth approximately $101,000. Finally, Carroll Financial Associates Inc. bought a new stake in shares of SPDR S&P Global Natural Resources ETF in the 1st quarter worth approximately $132,000.

Shares of NYSEARCA GNR traded down $0.45 during mid-day trading on Thursday, hitting $40.33. The company had a trading volume of 556 shares, compared to its average volume of 146,528. SPDR S&P Global Natural Resources ETF has a 12 month low of $39.44 and a 12 month high of $51.25. The firm’s 50 day simple moving average is $44.55.

Further Reading: The limitations of an equal weight rating

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Institutional Ownership by Quarter for SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR)

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