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

SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) shares saw strong trading volume on Monday . 412,457 shares changed hands during mid-day trading, an increase of 48% from the previous session’s volume of 279,011 shares.The stock last traded at $48.92 and had previously closed at $49.11.

SPDR S&P Global Natural Resources ETF Stock Performance

The company’s 50 day moving average is $54.42 and its 200 day moving average is $55.39. The stock has a market capitalization of $2.87 billion, a price-to-earnings ratio of 7.30 and a beta of 0.83.

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

A number of hedge funds have recently modified their holdings of the stock. Blue Trust Inc. increased its holdings 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 worth $29,000 after buying an additional 294 shares in the last quarter. Beaird Harris Wealth Management LLC bought a new position in SPDR S&P Global Natural Resources ETF in the 2nd quarter valued at $50,000. Garde Capital Inc. acquired a new position in SPDR S&P Global Natural Resources ETF in the third quarter worth $101,000. Carolinas Wealth Consulting LLC grew its holdings 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 worth $103,000 after purchasing an additional 308 shares during the last quarter. Finally, Cullen Frost Bankers Inc. bought a new stake in shares of SPDR S&P Global Natural Resources ETF during the second quarter worth $123,000.

SPDR S&P Global Natural Resources ETF Company Profile

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.