SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) Sees Strong Trading Volume – Should You Buy?

SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) shares saw unusually-strong trading volume on Friday. 719,244 shares changed hands during trading, an increase of 103% from the average daily volume of 354,738 shares. The stock last traded at $73.4420 and had previously closed at $73.18.

SPDR S&P Global Natural Resources ETF Price Performance

The business’s 50-day moving average is $76.38 and its two-hundred day moving average is $73.50. The firm has a market cap of $5.22 billion, a P/E ratio of 16.16 and a beta of 0.65.

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

Several hedge funds have recently modified their holdings of the stock. Retirement Income Solutions Inc. acquired a new stake in SPDR S&P Global Natural Resources ETF during the 2nd quarter valued at $783,000. High Net Worth Advisory Group LLC bought a new position in SPDR S&P Global Natural Resources ETF during the second quarter worth $430,000. Boltwood Capital Management acquired a new position in shares of SPDR S&P Global Natural Resources ETF in the third quarter valued at $4,916,000. Triumph Capital Management increased its holdings in shares of SPDR S&P Global Natural Resources ETF by 31,879.4% in the second quarter. Triumph Capital Management now owns 21,746 shares of the company’s stock valued at $1,464,000 after purchasing an additional 21,678 shares during the last quarter. Finally, Rehmann Capital Advisory Group bought a new position in shares of SPDR S&P Global Natural Resources ETF in the second quarter valued at about $986,000.

About SPDR S&P Global Natural Resources ETF

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.