SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) Sees Large Volume Increase – Still a Buy?

SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) shares saw an uptick in trading volume on Friday . 2,540,856 shares traded hands during trading, an increase of 829% from the previous session’s volume of 273,438 shares.The stock last traded at $55.31 and had previously closed at $56.73.

SPDR S&P Global Natural Resources ETF Stock Down 2.1 %

The firm has a market cap of $3.21 billion, a price-to-earnings ratio of 7.30 and a beta of 0.83. The business has a 50 day moving average of $56.20 and a 200 day moving average of $56.60.

Institutional Trading of SPDR S&P Global Natural Resources ETF

A number of large investors have recently made changes to their positions in GNR. Pure Financial Advisors LLC boosted its stake in SPDR S&P Global Natural Resources ETF by 6.8% in the 3rd quarter. Pure Financial Advisors LLC now owns 1,637,227 shares of the company’s stock worth $94,419,000 after buying an additional 104,523 shares during the last quarter. 1832 Asset Management L.P. boosted its stake in SPDR S&P Global Natural Resources ETF by 1.1% in the 1st quarter. 1832 Asset Management L.P. now owns 982,837 shares of the company’s stock worth $56,936,000 after buying an additional 11,158 shares during the last quarter. Sendero Wealth Management LLC boosted its stake in SPDR S&P Global Natural Resources ETF by 1.8% in the 2nd quarter. Sendero Wealth Management LLC now owns 720,517 shares of the company’s stock worth $40,241,000 after buying an additional 12,856 shares during the last quarter. Nepc LLC boosted its stake in SPDR S&P Global Natural Resources ETF by 87.7% in the 1st quarter. Nepc LLC now owns 500,084 shares of the company’s stock worth $28,970,000 after buying an additional 233,630 shares during the last quarter. Finally, Raymond James & Associates boosted its stake in SPDR S&P Global Natural Resources ETF by 3.2% in the 3rd quarter. Raymond James & Associates now owns 362,791 shares of the company’s stock worth $20,922,000 after buying an additional 11,191 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.