SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) Sets New 1-Year High – Still a Buy?

SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) shares hit a new 52-week high on Wednesday . The stock traded as high as $77.14 and last traded at $77.13, with a volume of 15127 shares. The stock had previously closed at $75.24.

SPDR S&P Global Natural Resources ETF Stock Performance

The company has a market cap of $5.15 billion, a PE ratio of 16.16 and a beta of 0.62. The company’s 50-day simple moving average is $70.99 and its 200 day simple moving average is $72.55.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. International Assets Investment Management LLC purchased a new stake in SPDR S&P Global Natural Resources ETF during the 1st quarter worth about $25,000. Western Wealth Management LLC purchased a new position in shares of SPDR S&P Global Natural Resources ETF in the 1st quarter valued at about $27,000. Cassaday & Co Wealth Management LLC acquired a new position in shares of SPDR S&P Global Natural Resources ETF during the first quarter worth about $29,000. Qube Research & Technologies Ltd acquired a new position in shares of SPDR S&P Global Natural Resources ETF during the third quarter worth about $28,000. Finally, Cornerstone Planning Group LLC increased its stake in shares of SPDR S&P Global Natural Resources ETF by 575.9% during the fourth quarter. Cornerstone Planning Group LLC now owns 534 shares of the company’s stock worth $33,000 after buying an additional 455 shares during the period.

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.