SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) Reaches New 12-Month Low – Here’s What Happened

SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR)’s stock price reached a new 52-week low on Friday . The stock traded as low as $47.92 and last traded at $47.67, with a volume of 43141 shares changing hands. The stock had previously closed at $51.34.

SPDR S&P Global Natural Resources ETF Stock Down 7.4 %

The stock has a market cap of $2.44 billion, a price-to-earnings ratio of 16.08 and a beta of 0.84. The business’s 50 day simple moving average is $52.91 and its 200 day simple moving average is $53.77.

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

Institutional investors have recently bought and sold shares of the business. Pure Financial Advisors LLC lifted its stake in shares of SPDR S&P Global Natural Resources ETF by 9.3% during the 4th quarter. Pure Financial Advisors LLC now owns 1,788,851 shares of the company’s stock worth $89,013,000 after buying an additional 151,624 shares during the last quarter. Nepc LLC boosted its holdings in shares of SPDR S&P Global Natural Resources ETF by 32.7% during the fourth quarter. Nepc LLC now owns 693,040 shares of the company’s stock worth $34,486,000 after acquiring an additional 170,909 shares during the period. JPMorgan Chase & Co. increased its stake in shares of SPDR S&P Global Natural Resources ETF by 2.0% during the fourth quarter. JPMorgan Chase & Co. now owns 622,215 shares of the company’s stock worth $30,961,000 after purchasing an additional 12,270 shares during the period. Alliancebernstein L.P. boosted its stake in SPDR S&P Global Natural Resources ETF by 11.2% in the 4th quarter. Alliancebernstein L.P. now owns 606,729 shares of the company’s stock valued at $30,191,000 after purchasing an additional 61,337 shares during the period. Finally, FMR LLC grew its holdings in SPDR S&P Global Natural Resources ETF by 195.9% in the 3rd quarter. FMR LLC now owns 472,322 shares of the company’s stock valued at $27,239,000 after buying an additional 312,726 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.