Summit Financial LLC Grows Stake in SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR)

Summit Financial LLC boosted its stake in shares of SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) by 1.1% during the 4th quarter, HoldingsChannel reports. The fund owned 66,548 shares of the company’s stock after purchasing an additional 731 shares during the period. Summit Financial LLC’s holdings in SPDR S&P Global Natural Resources ETF were worth $3,311,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Raymond James Financial Inc. purchased a new position in shares of SPDR S&P Global Natural Resources ETF in the 4th quarter worth approximately $21,830,000. FMR LLC boosted its stake in SPDR S&P Global Natural Resources ETF by 195.9% during the third quarter. FMR LLC now owns 472,322 shares of the company’s stock worth $27,239,000 after buying an additional 312,726 shares during the period. Strategic Investment Management LLC bought a new position in SPDR S&P Global Natural Resources ETF during the fourth quarter valued at $8,230,000. Pure Financial Advisors LLC increased its position in SPDR S&P Global Natural Resources ETF by 9.3% during the fourth quarter. Pure Financial Advisors LLC now owns 1,788,851 shares of the company’s stock valued at $89,013,000 after acquiring an additional 151,624 shares during the last quarter. Finally, Wealthfront Advisers LLC raised its stake in shares of SPDR S&P Global Natural Resources ETF by 252.3% in the fourth quarter. Wealthfront Advisers LLC now owns 163,354 shares of the company’s stock valued at $8,128,000 after acquiring an additional 116,989 shares during the period.

SPDR S&P Global Natural Resources ETF Trading Down 0.2 %

GNR stock opened at $53.25 on Tuesday. The stock has a market cap of $2.75 billion, a PE ratio of 16.06 and a beta of 0.95. SPDR S&P Global Natural Resources ETF has a 12 month low of $48.54 and a 12 month high of $60.64. The company has a 50-day moving average price of $53.02 and a 200 day moving average price of $53.86.

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.