SPDR S&P North American Natural Resources ETF (NYSEARCA:NANR) Sees Unusually-High Trading Volume – Time to Buy?

Shares of SPDR S&P North American Natural Resources ETF (NYSEARCA:NANR) saw strong trading volume on Thursday . 76,060 shares changed hands during mid-day trading, an increase of 14% from the previous session’s volume of 66,872 shares.The stock last traded at $83.13 and had previously closed at $83.37.

SPDR S&P North American Natural Resources ETF Stock Down 1.7%

The company has a market capitalization of $782.72 million, a P/E ratio of 18.42 and a beta of 0.57. The business’s 50-day moving average is $82.95 and its two-hundred day moving average is $74.77.

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

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Cornerstone Planning Group LLC increased its position in shares of SPDR S&P North American Natural Resources ETF by 5.2% during the first quarter. Cornerstone Planning Group LLC now owns 198,105 shares of the company’s stock valued at $16,423,000 after acquiring an additional 9,865 shares during the last quarter. Financial Life Planners bought a new position in SPDR S&P North American Natural Resources ETF in the 1st quarter valued at $72,000. Fiduciary Alliance LLC increased its position in shares of SPDR S&P North American Natural Resources ETF by 7.8% during the 1st quarter. Fiduciary Alliance LLC now owns 70,858 shares of the company’s stock valued at $5,895,000 after purchasing an additional 5,114 shares during the last quarter. Virtue Capital Management LLC bought a new stake in shares of SPDR S&P North American Natural Resources ETF during the 4th quarter worth $268,000. Finally, Captrust Financial Advisors bought a new stake in shares of SPDR S&P North American Natural Resources ETF during the 4th quarter worth $524,000.

SPDR S&P North American Natural Resources ETF Company Profile

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.