M&T Bank Corp Sells 1,700 Shares of SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR)

M&T Bank Corp cut its stake in SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) by 1.4% in the third quarter, Holdings Channel.com reports. The firm owned 121,445 shares of the company’s stock after selling 1,700 shares during the period. M&T Bank Corp’s holdings in SPDR S&P Global Natural Resources ETF were worth $7,004,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of GNR. Commonwealth Equity Services LLC increased its holdings in SPDR S&P Global Natural Resources ETF by 17.2% in the 2nd quarter. Commonwealth Equity Services LLC now owns 45,131 shares of the company’s stock valued at $2,521,000 after buying an additional 6,612 shares during the period. Ingalls & Snyder LLC lifted its stake in SPDR S&P Global Natural Resources ETF by 5.7% during the second quarter. Ingalls & Snyder LLC now owns 18,955 shares of the company’s stock worth $1,059,000 after purchasing an additional 1,015 shares during the period. Cadence Wealth Management LLC acquired a new stake in SPDR S&P Global Natural Resources ETF during the second quarter valued at approximately $855,000. Palisades Hudson Asset Management L.P. grew its stake in shares of SPDR S&P Global Natural Resources ETF by 1.5% in the 2nd quarter. Palisades Hudson Asset Management L.P. now owns 59,112 shares of the company’s stock valued at $3,301,000 after purchasing an additional 864 shares during the period. Finally, PACK Private Wealth LLC raised its holdings in shares of SPDR S&P Global Natural Resources ETF by 2.5% in the 2nd quarter. PACK Private Wealth LLC now owns 127,384 shares of the company’s stock worth $7,114,000 after buying an additional 3,102 shares in the last quarter.

SPDR S&P Global Natural Resources ETF Price Performance

Shares of GNR stock opened at $49.11 on Monday. The stock’s fifty day simple moving average is $54.72 and its 200 day simple moving average is $55.49. SPDR S&P Global Natural Resources ETF has a one year low of $48.54 and a one year high of $60.63. The firm has a market cap of $2.84 billion, a price-to-earnings ratio of 7.30 and a beta of 0.83.

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.