Bank of Montreal Can Sells 157,697 Shares of SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR)

Bank of Montreal Can lowered its stake in shares of SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) by 28.4% in the second quarter, Holdings Channel reports. The firm owned 397,851 shares of the company’s stock after selling 157,697 shares during the period. Bank of Montreal Can’s holdings in SPDR S&P Global Natural Resources ETF were worth $22,311,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Dupree Financial Group LLC lifted its stake in shares of SPDR S&P Global Natural Resources ETF by 2.6% in the first quarter. Dupree Financial Group LLC now owns 9,242 shares of the company’s stock worth $535,000 after buying an additional 230 shares during the last quarter. Perritt Capital Management Inc. lifted its position in SPDR S&P Global Natural Resources ETF by 1.2% during the 1st quarter. Perritt Capital Management Inc. now owns 19,493 shares of the company’s stock worth $1,129,000 after acquiring an additional 230 shares during the last quarter. Carolinas Wealth Consulting LLC boosted its holdings in SPDR S&P Global Natural Resources ETF by 20.0% during the second quarter. Carolinas Wealth Consulting LLC now owns 1,847 shares of the company’s stock valued at $103,000 after acquiring an additional 308 shares during the period. CGC Financial Services LLC grew its position in shares of SPDR S&P Global Natural Resources ETF by 5.5% in the second quarter. CGC Financial Services LLC now owns 6,583 shares of the company’s stock valued at $368,000 after purchasing an additional 343 shares during the last quarter. Finally, Oxford Financial Group LTD. LLC increased its stake in shares of SPDR S&P Global Natural Resources ETF by 0.6% in the fourth quarter. Oxford Financial Group LTD. LLC now owns 74,714 shares of the company’s stock worth $4,233,000 after purchasing an additional 469 shares during the period.

SPDR S&P Global Natural Resources ETF Stock Performance

NYSEARCA GNR opened at $57.86 on Friday. The stock has a market capitalization of $3.35 billion, a PE ratio of 7.30 and a beta of 0.83. The stock has a 50-day simple moving average of $55.40 and a 200 day simple moving average of $56.81. SPDR S&P Global Natural Resources ETF has a twelve month low of $51.68 and a twelve month high of $60.63.

SPDR S&P Global Natural Resources ETF Company Profile

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.