SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) Reaches New 1-Year Low – What’s Next?

SPDR S&P Global Natural Resources ETF (NYSEARCA:GNRGet Free Report) reached a new 52-week low during trading on Wednesday . The company traded as low as $50.53 and last traded at $50.59, with a volume of 28366 shares traded. The stock had previously closed at $50.65.

SPDR S&P Global Natural Resources ETF Trading Down 1.0 %

The stock has a market cap of $2.82 billion, a price-to-earnings ratio of 7.30 and a beta of 0.83. The company has a fifty day simple moving average of $54.90 and a 200-day simple moving average of $55.57.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Blue Trust Inc. raised its position in shares of SPDR S&P Global Natural Resources ETF by 134.2% during the third quarter. Blue Trust Inc. now owns 513 shares of the company’s stock valued at $29,000 after buying an additional 294 shares during the last quarter. Beaird Harris Wealth Management LLC bought a new stake in shares of SPDR S&P Global Natural Resources ETF in the 2nd quarter worth approximately $50,000. Garde Capital Inc. acquired a new stake in shares of SPDR S&P Global Natural Resources ETF during the 3rd quarter worth approximately $101,000. Carolinas Wealth Consulting LLC increased its position in shares of SPDR S&P Global Natural Resources ETF by 20.0% during the second quarter. Carolinas Wealth Consulting LLC now owns 1,847 shares of the company’s stock valued at $103,000 after purchasing an additional 308 shares during the period. Finally, Cullen Frost Bankers Inc. acquired a new position in shares of SPDR S&P Global Natural Resources ETF in the second quarter valued at $123,000.

About SPDR S&P Global Natural Resources ETF

(Get Free Report)

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.

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