SPDR S&P North American Natural Resources ETF (NYSEARCA:NANR) Reaches New 12-Month High – What’s Next?

SPDR S&P North American Natural Resources ETF (NYSEARCA:NANR) shares hit a new 52-week high on Thursday . The stock traded as high as $89.60 and last traded at $88.79, with a volume of 15870 shares trading hands. The stock had previously closed at $86.74.

SPDR S&P North American Natural Resources ETF Trading Up 2.4%

The company has a market cap of $830.19 million, a PE ratio of 18.42 and a beta of 0.58. The business has a 50 day simple moving average of $79.69 and a two-hundred day simple moving average of $81.41.

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

Several institutional investors have recently added to or reduced their stakes in NANR. Horizon Investments LLC lifted its position in SPDR S&P North American Natural Resources ETF by 46.3% during the third quarter. Horizon Investments LLC now owns 7,152 shares of the company’s stock worth $462,000 after buying an additional 2,265 shares during the period. Triumph Capital Management purchased a new stake in SPDR S&P North American Natural Resources ETF in the 3rd quarter valued at about $204,000. Farther Finance Advisors LLC purchased a new stake in SPDR S&P North American Natural Resources ETF in the 4th quarter valued at about $287,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of SPDR S&P North American Natural Resources ETF during the 4th quarter valued at about $25,000. Finally, Cornerstone Planning Group LLC increased its stake in shares of SPDR S&P North American Natural Resources ETF by 3,764,700.0% during the 4th quarter. Cornerstone Planning Group LLC now owns 188,240 shares of the company’s stock valued at $12,768,000 after acquiring an additional 188,235 shares during the last quarter.

About SPDR S&P North American Natural Resources ETF

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.