SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) Sees Strong Trading Volume – Here’s What Happened

SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) shares saw unusually-high trading volume on Monday . Approximately 74,360 shares were traded during trading, a decline of 43% from the previous session’s volume of 129,809 shares.The stock last traded at $51.01 and had previously closed at $50.27.

SPDR S&P Global Natural Resources ETF Stock Performance

The company has a 50-day simple moving average of $53.15 and a 200-day simple moving average of $55.01. The stock has a market cap of $2.94 billion, a P/E ratio of 7.30 and a beta of 0.83.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Blue Trust Inc. raised its holdings in SPDR S&P Global Natural Resources ETF by 134.2% during the 3rd quarter. Blue Trust Inc. now owns 513 shares of the company’s stock worth $29,000 after purchasing 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 during the 2nd quarter valued at $50,000. Garde Capital Inc. acquired a new position in shares of SPDR S&P Global Natural Resources ETF in the 3rd quarter valued at $101,000. Carolinas Wealth Consulting LLC boosted its position in shares of SPDR S&P Global Natural Resources ETF by 20.0% in the 2nd 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. acquired a new position in shares of SPDR S&P Global Natural Resources ETF during the 2nd quarter worth about $123,000.

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.