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

SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) saw unusually-high trading volume on Wednesday . Approximately 286,803 shares changed hands during trading, a decline of 14% from the previous session’s volume of 334,377 shares.The stock last traded at $78.1080 and had previously closed at $78.58.

SPDR S&P Global Natural Resources ETF Trading Up 1.6%

The stock has a 50 day moving average of $74.95 and a 200-day moving average of $73.41. The stock has a market capitalization of $5.18 billion, a P/E ratio of 16.16 and a beta of 0.64.

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

Several large investors have recently modified their holdings of GNR. Bienville Capital Management LLC purchased a new position in shares of SPDR S&P Global Natural Resources ETF in the 2nd quarter valued at $877,000. Hedeker Wealth LLC boosted its position in SPDR S&P Global Natural Resources ETF by 0.9% during the second quarter. Hedeker Wealth LLC now owns 14,642 shares of the company’s stock valued at $986,000 after purchasing an additional 132 shares in the last quarter. Squarepoint Ops LLC grew its stake in SPDR S&P Global Natural Resources ETF by 68.7% in the second quarter. Squarepoint Ops LLC now owns 4,811 shares of the company’s stock valued at $324,000 after purchasing an additional 1,960 shares during the last quarter. Tobias Financial Advisors Inc. purchased a new position in SPDR S&P Global Natural Resources ETF in the second quarter valued at about $6,777,000. Finally, Montz Harcus Wealth Management LLC purchased a new position in SPDR S&P Global Natural Resources ETF in the second quarter valued at about $1,943,000.

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.