SPDR S&P North American Natural Resources ETF (NYSEARCA:NANR) Reaches New 12-Month High – Should You Buy?

SPDR S&P North American Natural Resources ETF (NYSEARCA:NANR) hit a new 52-week high on Monday . The stock traded as high as $83.84 and last traded at $83.2010, with a volume of 4194 shares changing hands. The stock had previously closed at $82.53.

SPDR S&P North American Natural Resources ETF Stock Performance

The firm has a market capitalization of $924.81 million, a P/E ratio of 18.42 and a beta of 0.75. The company has a 50-day moving average price of $74.52 and a 200-day moving average price of $67.38.

Hedge Funds Weigh In On SPDR S&P North American Natural Resources ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Atlantic Union Bankshares Corp bought a new position in shares of SPDR S&P North American Natural Resources ETF during the second quarter worth about $195,000. Fiduciary Alliance LLC boosted its position in SPDR S&P North American Natural Resources ETF by 6.5% during the 3rd quarter. Fiduciary Alliance LLC now owns 50,294 shares of the company’s stock worth $3,249,000 after acquiring an additional 3,081 shares during the last quarter. CoreCap Advisors LLC boosted its position in SPDR S&P North American Natural Resources ETF by 62.8% during the 3rd quarter. CoreCap Advisors LLC now owns 451 shares of the company’s stock worth $29,000 after acquiring an additional 174 shares during the last quarter. Root Financial Partners LLC bought a new position in shares of SPDR S&P North American Natural Resources ETF during the 3rd quarter worth approximately $71,000. Finally, Jones Financial Companies Lllp raised its holdings in shares of SPDR S&P North American Natural Resources ETF by 12.8% in the third quarter. Jones Financial Companies Lllp now owns 8,016 shares of the company’s stock valued at $521,000 after purchasing an additional 912 shares during the last quarter.

About SPDR S&P North American Natural Resources ETF

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.