SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) Sees Large Volume Increase

SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) saw strong trading volume on Thursday . 2,166,339 shares traded hands during trading, an increase of 393% from the previous session’s volume of 439,073 shares.The stock last traded at $57.85 and had previously closed at $57.60.

SPDR S&P Global Natural Resources ETF Stock Performance

The business’s fifty day moving average price is $54.08 and its 200-day moving average price is $54.83. The stock has a market cap of $3.56 billion, a PE ratio of 5.92 and a beta of 1.01.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Venturi Wealth Management LLC purchased a new stake in shares of SPDR S&P Global Natural Resources ETF during the third quarter valued at $27,000. Cornerstone Planning Group LLC bought a new position in SPDR S&P Global Natural Resources ETF in the second quarter worth about $26,000. Crewe Advisors LLC raised its holdings in SPDR S&P Global Natural Resources ETF by 98.1% in the third quarter. Crewe Advisors LLC now owns 527 shares of the company’s stock worth $29,000 after purchasing an additional 261 shares in the last quarter. New Republic Capital LLC bought a new position in SPDR S&P Global Natural Resources ETF in the second quarter worth about $30,000. Finally, Brown Brothers Harriman & Co. bought a new position in SPDR S&P Global Natural Resources ETF in the first quarter worth about $50,000.

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.