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

SPDR S&P North American Natural Resources ETF (NYSEARCA:NANR)’s stock price hit a new 52-week high on Monday . The stock traded as high as $72.67 and last traded at $72.5810, with a volume of 12210 shares changing hands. The stock had previously closed at $71.97.

SPDR S&P North American Natural Resources ETF Stock Up 1.9%

The stock has a market capitalization of $839.99 million, a PE ratio of 18.42 and a beta of 0.75. The stock’s 50 day moving average price is $67.15 and its 200-day moving average price is $63.31.

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

Several large investors have recently made changes to their positions in NANR. CoreCap Advisors LLC grew its position in shares of SPDR S&P North American Natural Resources ETF by 62.8% during the third quarter. CoreCap Advisors LLC now owns 451 shares of the company’s stock worth $29,000 after purchasing an additional 174 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in shares of SPDR S&P North American Natural Resources ETF by 12.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 8,016 shares of the company’s stock valued at $521,000 after purchasing an additional 912 shares during the last quarter. Root Financial Partners LLC purchased a new position in SPDR S&P North American Natural Resources ETF during the third quarter worth $71,000. Horizon Investments LLC grew its holdings in SPDR S&P North American Natural Resources ETF by 46.3% during the 3rd quarter. Horizon Investments LLC now owns 7,152 shares of the company’s stock valued at $462,000 after purchasing an additional 2,265 shares during the last quarter. Finally, Fiduciary Alliance LLC raised its holdings in shares of 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 worth $3,249,000 after buying an additional 3,081 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.