SPDR S&P North American Natural Resources ETF (NYSEARCA:NANR) Sees Strong Trading Volume – Still a Buy?

Shares of SPDR S&P North American Natural Resources ETF (NYSEARCA:NANR) saw unusually-strong trading volume on Tuesday . Approximately 1,236,896 shares were traded during trading, an increase of 1,757% from the previous session’s volume of 66,593 shares.The stock last traded at $55.61 and had previously closed at $54.83.

SPDR S&P North American Natural Resources ETF Stock Up 1.3 %

The company has a 50 day moving average of $53.30 and a two-hundred day moving average of $55.10. The firm has a market cap of $554.19 million, a P/E ratio of 9.81 and a beta of 0.71.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Jones Financial Companies Lllp boosted its position in shares of SPDR S&P North American Natural Resources ETF by 10.7% in the 4th quarter. Jones Financial Companies Lllp now owns 3,677 shares of the company’s stock valued at $188,000 after purchasing an additional 354 shares during the period. Horizon Investments LLC lifted its stake in SPDR S&P North American Natural Resources ETF by 8.7% in the 4th quarter. Horizon Investments LLC now owns 3,862 shares of the company’s stock worth $197,000 after acquiring an additional 308 shares in the last quarter. Flow Traders U.S. LLC purchased a new stake in SPDR S&P North American Natural Resources ETF in the 3rd quarter worth about $259,000. Fiduciary Alliance LLC raised its stake in shares of SPDR S&P North American Natural Resources ETF by 11.9% during the 4th quarter. Fiduciary Alliance LLC now owns 44,410 shares of the company’s stock worth $2,270,000 after purchasing an additional 4,735 shares in the last quarter. Finally, Baird Financial Group Inc. raised its stake in shares of SPDR S&P North American Natural Resources ETF by 388.4% during the 4th quarter. Baird Financial Group Inc. now owns 115,108 shares of the company’s stock worth $5,883,000 after purchasing an additional 91,538 shares in the last quarter.

SPDR S&P North American Natural Resources ETF Company Profile

The SPDR S&P North American Natural Resources ETF (NANR) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks an index of US & Canadian firms involved in natural resources and commodities businesses. NANR was launched on Dec 15, 2015 and is managed by State Street.