Power Wealth Management LLC Invests $868,000 in SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR)

Power Wealth Management LLC bought a new stake in SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 15,322 shares of the company’s stock, valued at approximately $868,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of GNR. Summit Financial LLC increased its holdings in shares of SPDR S&P Global Natural Resources ETF by 2.2% during the 4th quarter. Summit Financial LLC now owns 68,077 shares of the company’s stock worth $3,857,000 after buying an additional 1,448 shares during the last quarter. Fiducient Advisors LLC raised its holdings in shares of SPDR S&P Global Natural Resources ETF by 100.3% in the 4th quarter. Fiducient Advisors LLC now owns 72,593 shares of the company’s stock worth $4,112,000 after purchasing an additional 36,356 shares during the period. Sage Rhino Capital LLC raised its holdings in shares of SPDR S&P Global Natural Resources ETF by 2.4% in the 4th quarter. Sage Rhino Capital LLC now owns 23,912 shares of the company’s stock worth $1,355,000 after purchasing an additional 551 shares during the period. Firestone Capital Management lifted its stake in shares of SPDR S&P Global Natural Resources ETF by 3.6% in the 4th quarter. Firestone Capital Management now owns 23,542 shares of the company’s stock valued at $1,334,000 after purchasing an additional 814 shares in the last quarter. Finally, Silver Oak Securities Incorporated purchased a new stake in shares of SPDR S&P Global Natural Resources ETF during the 4th quarter worth about $1,061,000.

SPDR S&P Global Natural Resources ETF Price Performance

NYSEARCA GNR traded up $0.40 during mid-day trading on Friday, hitting $58.43. The company’s stock had a trading volume of 97,228 shares, compared to its average volume of 364,333. The stock’s fifty day simple moving average is $57.00 and its two-hundred day simple moving average is $55.38. SPDR S&P Global Natural Resources ETF has a 52-week low of $50.85 and a 52-week high of $60.32. The firm has a market capitalization of $3.38 billion, a P/E ratio of 7.30 and a beta of 0.83.

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.