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

SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) shares saw unusually-strong trading volume on Tuesday . Approximately 333,134 shares changed hands during trading, an increase of 28% from the previous session’s volume of 259,622 shares.The stock last traded at $56.66 and had previously closed at $57.58.

SPDR S&P Global Natural Resources ETF Trading Up 0.2 %

The company has a fifty day moving average price of $56.05 and a two-hundred day moving average price of $56.91. The firm has a market cap of $3.28 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 hedge funds and other institutional investors have recently bought and sold shares of GNR. Fiduciary Financial Group LLC increased its stake in SPDR S&P Global Natural Resources ETF by 4.3% in the 3rd quarter. Fiduciary Financial Group LLC now owns 77,875 shares of the company’s stock valued at $4,444,000 after buying an additional 3,195 shares during the last quarter. Fermata Advisors LLC increased its position in shares of SPDR S&P Global Natural Resources ETF by 50.8% in the third quarter. Fermata Advisors LLC now owns 8,165 shares of the company’s stock valued at $471,000 after acquiring an additional 2,752 shares during the last quarter. Versant Capital Management Inc increased its position in shares of SPDR S&P Global Natural Resources ETF by 0.4% in the third quarter. Versant Capital Management Inc now owns 123,253 shares of the company’s stock valued at $7,108,000 after acquiring an additional 499 shares during the last quarter. Ehrlich Financial Group bought a new stake in SPDR S&P Global Natural Resources ETF during the third quarter worth about $272,000. Finally, Boltwood Capital Management boosted its position in SPDR S&P Global Natural Resources ETF by 15.2% during the third quarter. Boltwood Capital Management now owns 54,036 shares of the company’s stock valued at $3,116,000 after purchasing an additional 7,119 shares during the last quarter.

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.