SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) Reaches New 12-Month High – Still a Buy?

SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) shares reached a new 52-week high on Thursday . The stock traded as high as $67.17 and last traded at $66.93, with a volume of 279410 shares. The stock had previously closed at $65.65.

SPDR S&P Global Natural Resources ETF Price Performance

The business’s fifty day moving average price is $61.92 and its 200-day moving average price is $59.01. The stock has a market capitalization of $4.09 billion, a price-to-earnings ratio of 16.16 and a beta of 0.81.

Institutional Trading of SPDR S&P Global Natural Resources ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. AQR Capital Management LLC grew its holdings in SPDR S&P Global Natural Resources ETF by 211.2% during the first quarter. AQR Capital Management LLC now owns 26,135 shares of the company’s stock worth $1,392,000 after buying an additional 17,737 shares in the last quarter. Farther Finance Advisors LLC purchased a new position in SPDR S&P Global Natural Resources ETF during the 2nd quarter worth $202,000. Perigon Wealth Management LLC grew its stake in shares of SPDR S&P Global Natural Resources ETF by 1.0% in the 2nd quarter. Perigon Wealth Management LLC now owns 21,103 shares of the company’s stock worth $1,145,000 after acquiring an additional 215 shares in the last quarter. Prairiewood Capital LLC raised its holdings in shares of SPDR S&P Global Natural Resources ETF by 4.3% in the second quarter. Prairiewood Capital LLC now owns 227,104 shares of the company’s stock valued at $12,318,000 after purchasing an additional 9,398 shares during the last quarter. Finally, Pure Financial Advisors LLC raised its holdings in shares of SPDR S&P Global Natural Resources ETF by 2.8% in the second quarter. Pure Financial Advisors LLC now owns 1,952,602 shares of the company’s stock valued at $105,909,000 after purchasing an additional 53,241 shares during the last quarter.

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.