SPDR S&P North American Natural Resources ETF (NYSEARCA:NANR) Sets New 12-Month High – Should You Buy?

SPDR S&P North American Natural Resources ETF (NYSEARCA:NANR)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $92.21 and last traded at $91.5390, with a volume of 3110 shares. The stock had previously closed at $90.37.

SPDR S&P North American Natural Resources ETF Stock Up 0.5%

The company has a 50-day moving average of $83.19 and a 200-day moving average of $82.45. The company has a market cap of $853.22 million, a PE ratio of 18.42 and a beta of 0.60.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Financial Life Planners purchased a new position in SPDR S&P North American Natural Resources ETF during the first quarter worth about $72,000. Horizon Investments LLC increased its stake in SPDR S&P North American Natural Resources ETF by 46.3% in the 3rd quarter. Horizon Investments LLC now owns 7,152 shares of the company’s stock valued at $462,000 after buying an additional 2,265 shares during the last quarter. Triumph Capital Management bought a new position in shares of SPDR S&P North American Natural Resources ETF during the 3rd quarter worth approximately $204,000. Virtue Capital Management LLC bought a new position in shares of SPDR S&P North American Natural Resources ETF during the 4th quarter worth approximately $268,000. Finally, Fiduciary Alliance LLC lifted its position in shares of SPDR S&P North American Natural Resources ETF by 7.8% during the 1st quarter. Fiduciary Alliance LLC now owns 70,858 shares of the company’s stock worth $5,895,000 after buying an additional 5,114 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.