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

SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) shares saw unusually-high trading volume on Friday . Approximately 2,540,856 shares were traded during mid-day trading, an increase of 829% from the previous session’s volume of 273,438 shares.The stock last traded at $55.31 and had previously closed at $56.73.

SPDR S&P Global Natural Resources ETF Trading Down 2.1 %

The firm has a market capitalization of $3.21 billion, a price-to-earnings ratio of 7.30 and a beta of 0.83. The firm has a 50 day moving average price of $56.20 and a two-hundred day moving average price of $56.60.

Hedge Funds Weigh In On SPDR S&P Global Natural Resources ETF

Several hedge funds and other institutional investors have recently modified their holdings of GNR. Interchange Capital Partners LLC lifted its stake in shares of SPDR S&P Global Natural Resources ETF by 9.8% in the 1st quarter. Interchange Capital Partners LLC now owns 5,681 shares of the company’s stock valued at $335,000 after purchasing an additional 505 shares in the last quarter. Fiducient Advisors LLC lifted its stake in shares of SPDR S&P Global Natural Resources ETF by 2.8% in the 1st quarter. Fiducient Advisors LLC now owns 74,599 shares of the company’s stock valued at $4,322,000 after purchasing an additional 2,006 shares in the last quarter. Oxford Financial Group LTD. LLC lifted its stake in shares of SPDR S&P Global Natural Resources ETF by 2.5% in the 1st quarter. Oxford Financial Group LTD. LLC now owns 76,564 shares of the company’s stock valued at $4,435,000 after purchasing an additional 1,850 shares in the last quarter. OLD Mission Capital LLC acquired a new position in shares of SPDR S&P Global Natural Resources ETF in the 1st quarter valued at about $7,082,000. Finally, EP Wealth Advisors LLC acquired a new position in shares of SPDR S&P Global Natural Resources ETF in the 1st quarter valued at about $115,000.

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.