SPDR S&P North American Natural Resources ETF (NYSEARCA:NANR) Reaches New 1-Year High – Time to Buy?

SPDR S&P North American Natural Resources ETF (NYSEARCA:NANR)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $66.13 and last traded at $66.1740, with a volume of 5693 shares trading hands. The stock had previously closed at $64.81.

SPDR S&P North American Natural Resources ETF Stock Up 2.3%

The stock has a market cap of $747.20 million, a price-to-earnings ratio of 18.42 and a beta of 0.75. The stock has a 50 day simple moving average of $64.11 and a 200 day simple moving average of $60.14.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CoreCap Advisors LLC boosted its holdings 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 valued at $29,000 after acquiring an additional 174 shares during the period. Root Financial Partners LLC purchased a new position in SPDR S&P North American Natural Resources ETF during the 3rd quarter valued at about $71,000. Atlantic Union Bankshares Corp bought a new position in SPDR S&P North American Natural Resources ETF during the 2nd quarter valued at approximately $195,000. Triumph Capital Management purchased a new position in shares of SPDR S&P North American Natural Resources ETF during the third quarter valued at approximately $204,000. Finally, Horizon Investments LLC lifted its stake in SPDR S&P North American Natural Resources ETF by 9.0% in the first quarter. Horizon Investments LLC now owns 4,208 shares of the company’s stock worth $234,000 after acquiring an additional 346 shares during the period.

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.