SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) Sees Unusually-High Trading Volume – Here’s Why

SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR – Get Free Report) shares saw unusually-strong trading volume on Friday. Approximately 719,244 shares were traded during mid-day 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 Stock Performance

The company’s fifty day simple moving average is $76.38 and its two-hundred day simple moving average is $73.50. The stock has a market capitalization of $5.22 billion, a P/E ratio of 16.16 and a beta of 0.65.

Institutional Trading of SPDR S&P Global Natural Resources ETF

Several hedge funds have recently added to or reduced their stakes in the company. International Assets Investment Management LLC acquired a new position in SPDR S&P Global Natural Resources ETF in the 1st quarter valued at $25,000. Portfolio Resources Advisor Group Inc. bought a new position in SPDR S&P Global Natural Resources ETF during the 3rd quarter worth $26,000. Western Wealth Management LLC acquired a new stake in shares of SPDR S&P Global Natural Resources ETF during the first quarter worth $27,000. Cassaday & Co Wealth Management LLC acquired a new stake in shares of SPDR S&P Global Natural Resources ETF during the first quarter worth $29,000. Finally, Signaturefd LLC bought a new stake in shares of SPDR S&P Global Natural Resources ETF in the third quarter valued at about $39,000.

SPDR S&P Global Natural Resources ETF Company Profile

(Get Free Report)

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.

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