SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) Sees Strong Trading Volume – What’s Next?

SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) shares saw strong trading volume on Friday . 244,264 shares were traded during trading, an increase of 3% from the previous session’s volume of 237,407 shares.The stock last traded at $53.34 and had previously closed at $54.30.

SPDR S&P Global Natural Resources ETF Stock Down 1.4 %

The company has a market capitalization of $2.76 billion, a price-to-earnings ratio of 16.06 and a beta of 0.95. The company has a 50 day simple moving average of $52.82 and a 200 day simple moving average of $53.86.

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

Institutional investors and hedge funds have recently modified their holdings of the stock. Minot DeBlois Advisors LLC purchased a new stake in shares of SPDR S&P Global Natural Resources ETF in the fourth quarter worth about $37,000. Lee Danner & Bass Inc. purchased a new stake in shares of SPDR S&P Global Natural Resources ETF in the fourth quarter worth about $39,000. Hurley Capital LLC purchased a new stake in shares of SPDR S&P Global Natural Resources ETF in the fourth quarter worth about $55,000. Blue Trust Inc. boosted its position in shares of SPDR S&P Global Natural Resources ETF by 125.5% in the fourth quarter. Blue Trust Inc. now owns 1,157 shares of the company’s stock worth $58,000 after buying an additional 644 shares during the period. Finally, Greenline Partners LLC purchased a new stake in shares of SPDR S&P Global Natural Resources ETF in the fourth quarter worth about $69,000.

About SPDR S&P Global Natural Resources ETF

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.