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

SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) shares saw strong trading volume on Tuesday . 506,364 shares traded hands during 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 Price Performance

The firm has a market capitalization of $3.16 billion, a price-to-earnings ratio of 7.30 and a beta of 0.83. The firm’s 50-day simple moving average is $56.19 and its 200 day simple moving average is $56.24.

Institutional Inflows and Outflows

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