SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) Sees Strong Trading Volume – Should You Buy?

SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) shares saw strong trading volume on Tuesday . 244,097 shares traded hands during mid-day trading, a decline of 26% from the previous session’s volume of 327,651 shares.The stock last traded at $80.0630 and had previously closed at $78.80.

SPDR S&P Global Natural Resources ETF Stock Up 1.5%

The firm has a market cap of $5.29 billion, a PE ratio of 16.16 and a beta of 0.64. The firm’s 50 day moving average is $73.22 and its 200-day moving average is $73.16.

Institutional Investors Weigh In On SPDR S&P Global Natural Resources ETF

Several hedge funds have recently made changes to their positions in GNR. AQR Capital Management LLC boosted its stake in SPDR S&P Global Natural Resources ETF by 211.2% in the 1st quarter. AQR Capital Management LLC now owns 26,135 shares of the company’s stock worth $1,392,000 after buying an additional 17,737 shares during the last quarter. Cerity Partners LLC increased its stake in shares of SPDR S&P Global Natural Resources ETF by 2.4% during the 2nd quarter. Cerity Partners LLC now owns 76,815 shares of the company’s stock valued at $4,166,000 after acquiring an additional 1,785 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of SPDR S&P Global Natural Resources ETF by 363.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 39,111 shares of the company’s stock worth $2,121,000 after acquiring an additional 30,679 shares during the period. Raymond James Financial Inc. lifted its holdings in shares of SPDR S&P Global Natural Resources ETF by 1.8% during the 2nd quarter. Raymond James Financial Inc. now owns 468,126 shares of the company’s stock worth $25,391,000 after acquiring an additional 8,393 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in shares of SPDR S&P Global Natural Resources ETF by 226.4% in the second quarter. Ameriprise Financial Inc. now owns 116,098 shares of the company’s stock worth $6,298,000 after acquiring an additional 80,526 shares during the last quarter.

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.