SPDR S&P North American Natural Resources ETF (NYSEARCA:NANR) Hits New 1-Year High – Time to Buy?

SPDR S&P North American Natural Resources ETF (NYSEARCA:NANR) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $79.49 and last traded at $79.2480, with a volume of 7836 shares changing hands. The stock had previously closed at $78.08.

SPDR S&P North American Natural Resources ETF Price Performance

The firm has a market capitalization of $880.77 million, a price-to-earnings ratio of 18.42 and a beta of 0.75. The business’s 50-day moving average price is $68.99 and its 200 day moving average price is $64.31.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Atlantic Union Bankshares Corp acquired a new stake in shares of SPDR S&P North American Natural Resources ETF during the second quarter valued at about $195,000. Farther Finance Advisors LLC acquired a new position in shares of SPDR S&P North American Natural Resources ETF in the fourth quarter worth about $287,000. Horizon Investments LLC boosted its holdings in SPDR S&P North American Natural Resources ETF by 46.3% in the third 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. Triumph Capital Management acquired a new stake in SPDR S&P North American Natural Resources ETF during the 3rd quarter valued at approximately $204,000. Finally, Fiduciary Alliance LLC grew its stake in SPDR S&P North American Natural Resources ETF by 30.7% during the 4th quarter. Fiduciary Alliance LLC now owns 65,744 shares of the company’s stock valued at $4,459,000 after purchasing an additional 15,450 shares in the last quarter.

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.