SPDR S&P North American Natural Resources ETF (NYSEARCA:NANR) Shares Up 2.8% – Still a Buy?

SPDR S&P North American Natural Resources ETF (NYSEARCA:NANR)’s share price traded up 2.8% during trading on Monday . The stock traded as high as $85.37 and last traded at $85.37. 32,413 shares changed hands during mid-day trading, a decline of 37% from the average daily volume of 51,393 shares. The stock had previously closed at $83.05.

SPDR S&P North American Natural Resources ETF Stock Performance

The company has a market capitalization of $798.21 million, a price-to-earnings ratio of 18.42 and a beta of 0.58. The business’s 50 day moving average is $78.94 and its 200 day moving average is $81.00.

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

Large investors have recently made changes to their positions in the stock. Horizon Investments LLC increased its stake in shares of SPDR S&P North American Natural Resources ETF by 46.3% in the third quarter. Horizon Investments LLC now owns 7,152 shares of the company’s stock worth $462,000 after acquiring an additional 2,265 shares during the period. Triumph Capital Management acquired a new position in SPDR S&P North American Natural Resources ETF during the third quarter valued at $204,000. Farther Finance Advisors LLC purchased a new stake in SPDR S&P North American Natural Resources ETF in the fourth quarter valued at $287,000. Kohmann Bosshard Financial Services LLC purchased a new stake in SPDR S&P North American Natural Resources ETF in the fourth quarter valued at $25,000. Finally, Cornerstone Planning Group LLC boosted its holdings in SPDR S&P North American Natural Resources ETF by 3,764,700.0% in the fourth quarter. Cornerstone Planning Group LLC now owns 188,240 shares of the company’s stock valued at $12,768,000 after purchasing an additional 188,235 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.