SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) Reaches New 1-Year High – What’s Next?

SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR)’s stock price reached a new 52-week high on Thursday . The stock traded as high as $62.51 and last traded at $62.5960, with a volume of 9079 shares trading hands. The stock had previously closed at $61.92.

SPDR S&P Global Natural Resources ETF Trading Up 1.1%

The company has a fifty day moving average price of $59.61 and a two-hundred day moving average price of $57.29. The firm has a market cap of $4.08 billion, a P/E ratio of 16.16 and a beta of 0.81.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. National Bank of Canada FI lifted its position in SPDR S&P Global Natural Resources ETF by 107.9% in the 1st quarter. National Bank of Canada FI now owns 8,794 shares of the company’s stock valued at $468,000 after acquiring an additional 4,564 shares in the last quarter. Raymond James Financial Inc. raised its stake in shares of SPDR S&P Global Natural Resources ETF by 4.8% in the 1st quarter. Raymond James Financial Inc. now owns 459,733 shares of the company’s stock valued at $24,481,000 after purchasing an additional 21,033 shares during the period. Summit Financial LLC lifted its holdings in shares of SPDR S&P Global Natural Resources ETF by 3.2% in the first quarter. Summit Financial LLC now owns 68,684 shares of the company’s stock valued at $3,657,000 after purchasing an additional 2,136 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of SPDR S&P Global Natural Resources ETF by 73.5% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 5,166 shares of the company’s stock worth $275,000 after buying an additional 2,188 shares during the period. Finally, SVB Wealth LLC boosted its position in shares of SPDR S&P Global Natural Resources ETF by 15.7% during the first quarter. SVB Wealth LLC now owns 6,760 shares of the company’s stock worth $360,000 after buying an additional 915 shares during the period.

SPDR S&P Global Natural Resources ETF Company Profile

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.