SPDR S&P North American Natural Resources ETF (NYSEARCA:NANR) Sees Large Volume Increase – Still a Buy?

SPDR S&P North American Natural Resources ETF (NYSEARCA:NANR) shares saw strong trading volume on Tuesday . 1,236,896 shares traded hands during trading, an increase of 1,757% from the previous session’s volume of 66,593 shares.The stock last traded at $55.61 and had previously closed at $54.83.

SPDR S&P North American Natural Resources ETF Trading Up 0.9 %

The stock has a fifty day moving average of $53.29 and a two-hundred day moving average of $55.11. The stock has a market capitalization of $558.28 million, a price-to-earnings ratio of 9.81 and a beta of 0.71.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Baird Financial Group Inc. boosted its position in SPDR S&P North American Natural Resources ETF by 388.4% in the 4th quarter. Baird Financial Group Inc. now owns 115,108 shares of the company’s stock valued at $5,883,000 after buying an additional 91,538 shares during the last quarter. Fiduciary Alliance LLC boosted its position in SPDR S&P North American Natural Resources ETF by 11.9% in the 4th quarter. Fiduciary Alliance LLC now owns 44,410 shares of the company’s stock valued at $2,270,000 after buying an additional 4,735 shares during the last quarter. Flow Traders U.S. LLC bought a new position in SPDR S&P North American Natural Resources ETF in the 3rd quarter valued at $259,000. Horizon Investments LLC boosted its position in SPDR S&P North American Natural Resources ETF by 8.7% in the 4th quarter. Horizon Investments LLC now owns 3,862 shares of the company’s stock valued at $197,000 after buying an additional 308 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its position in SPDR S&P North American Natural Resources ETF by 10.7% in the 4th quarter. Jones Financial Companies Lllp now owns 3,677 shares of the company’s stock valued at $188,000 after buying an additional 354 shares during the last quarter.

SPDR S&P North American Natural Resources ETF Company Profile

The SPDR S&P North American Natural Resources ETF (NANR) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks an index of US & Canadian firms involved in natural resources and commodities businesses. NANR was launched on Dec 15, 2015 and is managed by State Street.