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

Shares of SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) saw an uptick in trading volume on Tuesday . 506,364 shares changed hands during mid-day trading, an increase of 82% from the previous session’s volume of 277,603 shares.The stock last traded at $54.50 and had previously closed at $55.04.

SPDR S&P Global Natural Resources ETF Trading Up 0.3 %

The firm has a market cap of $3.16 billion, a P/E ratio of 7.30 and a beta of 0.83. The company’s 50-day moving average is $56.19 and its two-hundred day moving average is $56.24.

Institutional Investors Weigh In On SPDR S&P Global Natural Resources ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Virtu Financial LLC purchased a new stake in SPDR S&P Global Natural Resources ETF in the 3rd quarter valued at about $307,000. Nepc LLC increased its stake in SPDR S&P Global Natural Resources ETF by 12.1% in the 3rd quarter. Nepc LLC now owns 522,131 shares of the company’s stock valued at $30,111,000 after buying an additional 56,191 shares during the last quarter. MML Investors Services LLC increased its stake in SPDR S&P Global Natural Resources ETF by 24.8% in the 3rd quarter. MML Investors Services LLC now owns 17,277 shares of the company’s stock valued at $996,000 after buying an additional 3,429 shares during the last quarter. Stifel Financial Corp increased its stake in SPDR S&P Global Natural Resources ETF by 11.2% in the 3rd quarter. Stifel Financial Corp now owns 56,217 shares of the company’s stock valued at $3,242,000 after buying an additional 5,643 shares during the last quarter. Finally, Flow Traders U.S. LLC increased its stake in SPDR S&P Global Natural Resources ETF by 2,814.9% in the 3rd quarter. Flow Traders U.S. LLC now owns 104,909 shares of the company’s stock valued at $6,050,000 after buying an additional 101,310 shares during the last quarter.

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.