SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) Sees Strong Trading Volume – What’s Next?

SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) saw unusually-strong trading volume on Friday . Approximately 244,264 shares traded hands during mid-day trading, an increase of 3% from the previous session’s volume of 237,407 shares.The stock last traded at $53.34 and had previously closed at $54.30.

SPDR S&P Global Natural Resources ETF Price Performance

The stock has a market cap of $2.76 billion, a PE ratio of 16.06 and a beta of 0.95. The business has a fifty day moving average of $52.82 and a 200 day moving average of $53.86.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Principal Financial Group Inc. grew its position in shares of 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 worth $9,090,000 after acquiring an additional 13,625 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of SPDR S&P Global Natural Resources ETF by 125.5% in the 4th quarter. Blue Trust Inc. now owns 1,157 shares of the company’s stock worth $58,000 after purchasing an additional 644 shares during the last quarter. US Bancorp DE lifted its holdings in shares of SPDR S&P Global Natural Resources ETF by 2.9% in the 4th quarter. US Bancorp DE now owns 19,017 shares of the company’s stock worth $946,000 after purchasing an additional 544 shares during the last quarter. Pure Financial Advisors LLC lifted its holdings in shares of SPDR S&P Global Natural Resources ETF by 9.3% in the 4th quarter. Pure Financial Advisors LLC now owns 1,788,851 shares of the company’s stock worth $89,013,000 after purchasing an additional 151,624 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its holdings in shares of SPDR S&P Global Natural Resources ETF by 22.5% in the 4th quarter. Jones Financial Companies Lllp now owns 3,288 shares of the company’s stock worth $164,000 after purchasing an additional 604 shares during the last quarter.

SPDR S&P Global Natural Resources ETF Company Profile

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.