Shares of IQ Global Resources ETF (NYSEARCA:GRES) shot up 0.4% during mid-day trading on Friday . The stock traded as high as $26.70 and last traded at $26.69, 605 shares traded hands during mid-day trading. A decline of 95% from the average session volume of 13,275 shares. The stock had previously closed at $26.59.
The company’s fifty day moving average is $26.61 and its 200-day moving average is $26.48.
A hedge fund recently raised its stake in IQ Global Resources ETF stock. First National Corp MA ADV lifted its stake in shares of IQ Global Resources ETF (NYSEARCA:GRES) by 6.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 21,821 shares of the company’s stock after acquiring an additional 1,380 shares during the quarter. First National Corp MA ADV owned approximately 0.39% of IQ Global Resources ETF worth $596,000 at the end of the most recent reporting period.
IQ ARB Global Resources ETF (the Fund) seeks investment results that correspond to the price and yield performance of the IQ ARB Global Resources Index (the Index). The Index uses momentum and valuation factors to identify global companies that operate in commodity-specific market segments and whose equity securities trade in developed markets, including the United States.
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