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

Posted by ABMN Staff on Jan 6th, 2025

SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR – Get Free Report) shares saw unusually-high trading volume on Monday . Approximately 74,360 shares were traded during trading, a decline of 43% from the previous session’s volume of 129,809 shares.The stock last traded at $51.01 and had previously closed at $50.27.

SPDR S&P Global Natural Resources ETF Stock Up 1.2 %

The firm’s 50-day moving average price is $53.36 and its 200 day moving average price is $55.08. The company has a market capitalization of $2.94 billion, a P/E ratio of 7.30 and a beta of 0.83.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Boltwood Capital Management grew its stake in shares of SPDR S&P Global Natural Resources ETF by 9.6% in the 4th quarter. Boltwood Capital Management now owns 59,236 shares of the company’s stock worth $2,948,000 after acquiring an additional 5,200 shares in the last quarter. Versant Capital Management Inc grew its position in SPDR S&P Global Natural Resources ETF by 20.3% in the 4th quarter. Versant Capital Management Inc now owns 148,266 shares of the company’s stock worth $7,378,000 after purchasing an additional 25,013 shares in the last quarter. Principal Financial Group Inc. increased its stake in SPDR S&P Global Natural Resources ETF by 9.5% in the 3rd quarter. Principal Financial Group Inc. now owns 157,622 shares of the company’s stock valued at $9,090,000 after buying an additional 13,625 shares during the last quarter. Garde Capital Inc. bought a new position in shares of SPDR S&P Global Natural Resources ETF during the 3rd quarter worth approximately $101,000. Finally, Virtu Financial LLC purchased a new position in shares of SPDR S&P Global Natural Resources ETF in the 3rd quarter worth approximately $307,000.

About SPDR S&P Global Natural Resources ETF

(Get Free Report)

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.