SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) Sets New 12-Month High – Still a Buy?

SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $73.74 and last traded at $73.6260, with a volume of 277 shares changing hands. The stock had previously closed at $72.21.

SPDR S&P Global Natural Resources ETF Trading Up 1.5%

The stock has a market capitalization of $4.64 billion, a price-to-earnings ratio of 16.16 and a beta of 0.81. The business has a 50 day simple moving average of $65.11 and a 200-day simple moving average of $60.68.

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

Institutional investors have recently bought and sold shares of the stock. Signaturefd LLC raised its stake in SPDR S&P Global Natural Resources ETF by 166.7% during the fourth quarter. Signaturefd LLC now owns 400 shares of the company’s stock worth $25,000 after purchasing an additional 250 shares during the period. Qube Research & Technologies Ltd purchased a new position in shares of SPDR S&P Global Natural Resources ETF in the 3rd quarter worth $28,000. Cornerstone Planning Group LLC raised its position in shares of SPDR S&P Global Natural Resources ETF by 575.9% in the 4th quarter. Cornerstone Planning Group LLC now owns 534 shares of the company’s stock worth $33,000 after buying an additional 455 shares during the period. 4Thought Financial Group Inc. acquired a new position in SPDR S&P Global Natural Resources ETF in the fourth quarter valued at $49,000. Finally, CWM LLC boosted its holdings in SPDR S&P Global Natural Resources ETF by 140.0% in the third quarter. CWM LLC now owns 864 shares of the company’s stock valued at $51,000 after acquiring an additional 504 shares during the last quarter.

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.