SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) Sees Large Volume Increase – Should You Buy?

SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) saw unusually-high trading volume on Monday . Approximately 309,004 shares were traded during trading, an increase of 4% from the previous session’s volume of 298,257 shares.The stock last traded at $69.8150 and had previously closed at $69.08.

SPDR S&P Global Natural Resources ETF Stock Up 0.4%

The firm has a market capitalization of $4.28 billion, a PE ratio of 16.16 and a beta of 0.81. The firm’s fifty day simple moving average is $62.63 and its 200-day simple moving average is $59.47.

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

A number of hedge funds have recently added to or reduced their stakes in GNR. First Command Advisory Services Inc. purchased a new stake in SPDR S&P Global Natural Resources ETF during the 3rd quarter valued at $300,016,000. Envestnet Asset Management Inc. lifted its holdings in shares of SPDR S&P Global Natural Resources ETF by 2,450.3% during the third quarter. Envestnet Asset Management Inc. now owns 4,646,650 shares of the company’s stock valued at $275,128,000 after purchasing an additional 4,464,453 shares in the last quarter. Pure Financial Advisors LLC lifted its holdings in shares of SPDR S&P Global Natural Resources ETF by 5.0% during the third quarter. Pure Financial Advisors LLC now owns 2,049,457 shares of the company’s stock valued at $121,348,000 after purchasing an additional 96,855 shares in the last quarter. Oxford Financial Group LTD. LLC boosted its position in shares of SPDR S&P Global Natural Resources ETF by 1,026.5% during the second quarter. Oxford Financial Group LTD. LLC now owns 1,690,960 shares of the company’s stock valued at $91,718,000 after buying an additional 1,540,847 shares during the last quarter. Finally, Bank of America Corp DE increased its holdings in SPDR S&P Global Natural Resources ETF by 0.7% in the 3rd quarter. Bank of America Corp DE now owns 973,346 shares of the company’s stock worth $57,632,000 after buying an additional 6,725 shares in the last quarter.

SPDR S&P Global Natural Resources ETF Company Profile

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.