SPDR S&P North American Natural Resources ETF (NYSEARCA:NANR) Sees Large Volume Increase – Still a Buy?

Shares of SPDR S&P North American Natural Resources ETF (NYSEARCA:NANR) saw strong trading volume on Tuesday . 1,236,896 shares traded hands during mid-day trading, an increase of 1,757% from the previous session’s volume of 66,593 shares.The stock last traded at $55.61 and had previously closed at $54.83.

SPDR S&P North American Natural Resources ETF Stock Up 0.9 %

The firm has a market capitalization of $558.28 million, a P/E ratio of 9.81 and a beta of 0.71. The firm has a 50 day moving average of $53.29 and a 200-day moving average of $55.11.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Baird Financial Group Inc. boosted its position in SPDR S&P North American Natural Resources ETF by 388.4% during the fourth quarter. Baird Financial Group Inc. now owns 115,108 shares of the company’s stock valued at $5,883,000 after acquiring an additional 91,538 shares during the last quarter. Horizon Investments LLC boosted its position in SPDR S&P North American Natural Resources ETF by 8.7% during the fourth quarter. Horizon Investments LLC now owns 3,862 shares of the company’s stock valued at $197,000 after acquiring an additional 308 shares during the last quarter. Jones Financial Companies Lllp boosted its position in SPDR S&P North American Natural Resources ETF by 10.7% during the fourth quarter. Jones Financial Companies Lllp now owns 3,677 shares of the company’s stock valued at $188,000 after acquiring an additional 354 shares during the last quarter. Fiduciary Alliance LLC boosted its position in SPDR S&P North American Natural Resources ETF by 11.9% during the fourth quarter. Fiduciary Alliance LLC now owns 44,410 shares of the company’s stock valued at $2,270,000 after acquiring an additional 4,735 shares during the last quarter. Finally, Flow Traders U.S. LLC bought a new stake in SPDR S&P North American Natural Resources ETF during the third quarter valued at $259,000.

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.