Principal Financial Group Inc. Sells 58,250 Shares of SPDR S&P Global Natural Resources ETF $GNR

Principal Financial Group Inc. decreased its position in SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) by 21.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 218,747 shares of the company’s stock after selling 58,250 shares during the quarter. Principal Financial Group Inc. owned approximately 0.34% of SPDR S&P Global Natural Resources ETF worth $12,952,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. CWM LLC increased its position in SPDR S&P Global Natural Resources ETF by 140.0% during the 3rd quarter. CWM LLC now owns 864 shares of the company’s stock valued at $51,000 after purchasing an additional 504 shares during the period. Private Trust Co. NA boosted its stake in shares of SPDR S&P Global Natural Resources ETF by 294.6% during the 2nd quarter. Private Trust Co. NA now owns 1,815 shares of the company’s stock valued at $98,000 after purchasing an additional 1,355 shares in the last quarter. Caldwell Trust Co purchased a new position in shares of SPDR S&P Global Natural Resources ETF during the second quarter valued at about $133,000. Mayfair Advisory Group LLC purchased a new position in shares of SPDR S&P Global Natural Resources ETF during the third quarter valued at about $201,000. Finally, Meridian Wealth Management LLC bought a new position in SPDR S&P Global Natural Resources ETF in the second quarter worth about $222,000.

SPDR S&P Global Natural Resources ETF Stock Performance

GNR stock opened at $72.21 on Wednesday. SPDR S&P Global Natural Resources ETF has a fifty-two week low of $45.18 and a fifty-two week high of $72.58. The company has a market capitalization of $4.57 billion, a price-to-earnings ratio of 16.16 and a beta of 0.81. The business’s 50 day moving average price is $65.11 and its two-hundred day moving average price is $60.68.

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.