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

SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR)’s stock price reached a new 52-week high during trading on Friday . The stock traded as high as $64.34 and last traded at $64.3210, with a volume of 157831 shares changing hands. The stock had previously closed at $63.76.

SPDR S&P Global Natural Resources ETF Stock Performance

The firm has a market cap of $3.95 billion, a PE ratio of 16.16 and a beta of 0.81. The stock has a 50 day simple moving average of $61.13 and a two-hundred day simple moving average of $58.63.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Qube Research & Technologies Ltd acquired a new stake in shares of SPDR S&P Global Natural Resources ETF during the 3rd quarter worth approximately $28,000. NBT Bank N A NY boosted its holdings in SPDR S&P Global Natural Resources ETF by 650.0% during the second quarter. NBT Bank N A NY now owns 750 shares of the company’s stock worth $41,000 after buying an additional 650 shares in the last quarter. CWM LLC boosted its holdings in SPDR S&P Global Natural Resources ETF by 140.0% during the third quarter. CWM LLC now owns 864 shares of the company’s stock worth $51,000 after buying an additional 504 shares in the last quarter. Smartleaf Asset Management LLC acquired a new stake in SPDR S&P Global Natural Resources ETF during the third quarter valued at $79,000. Finally, Private Trust Co. NA increased its holdings in SPDR S&P Global Natural Resources ETF by 294.6% in the second quarter. Private Trust Co. NA now owns 1,815 shares of the company’s stock valued at $98,000 after buying an additional 1,355 shares in the last quarter.

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.