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

Shares of SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) saw unusually-high trading volume on Tuesday . Approximately 658,977 shares traded hands during mid-day trading, an increase of 75% from the previous session’s volume of 375,966 shares.The stock last traded at $69.4130 and had previously closed at $68.15.

SPDR S&P Global Natural Resources ETF Stock Up 1.8%

The business’s 50 day moving average is $63.91 and its 200-day moving average is $60.06. The firm has a market capitalization of $4.37 billion, a P/E ratio of 16.16 and a beta of 0.81.

Institutional Trading of SPDR S&P Global Natural Resources ETF

Large investors have recently bought and sold shares of the business. Sequoia Financial Advisors LLC grew its holdings in SPDR S&P Global Natural Resources ETF by 2.6% in the fourth quarter. Sequoia Financial Advisors LLC now owns 11,132 shares of the company’s stock worth $692,000 after purchasing an additional 281 shares during the period. Sachetta LLC boosted its position in SPDR S&P Global Natural Resources ETF by 1.1% in the fourth quarter. Sachetta LLC now owns 209,044 shares of the company’s stock worth $12,990,000 after purchasing an additional 2,222 shares during the last quarter. Cornerstone Planning Group LLC raised its position in SPDR S&P Global Natural Resources ETF by 575.9% in the fourth quarter. Cornerstone Planning Group LLC now owns 534 shares of the company’s stock worth $33,000 after acquiring an additional 455 shares during the period. Essex Bank purchased a new position in SPDR S&P Global Natural Resources ETF in the fourth quarter valued at about $205,000. Finally, AMG National Trust Bank lifted its stake in SPDR S&P Global Natural Resources ETF by 19.4% in the fourth quarter. AMG National Trust Bank now owns 661,418 shares of the company’s stock valued at $41,101,000 after purchasing an additional 107,652 shares during the last quarter.

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.