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

SPDR S&P North American Natural Resources ETF (NYSEARCA:NANR) shares saw an uptick in trading volume on Tuesday . 1,236,896 shares changed 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 Price Performance

The firm has a 50-day moving average of $53.30 and a 200 day moving average of $55.10. The stock has a market capitalization of $554.19 million, a price-to-earnings ratio of 9.81 and a beta of 0.71.

Institutional Trading of SPDR S&P North American Natural Resources ETF

A number of hedge funds have recently made changes to their positions in NANR. Baird Financial Group Inc. lifted its position in shares of SPDR S&P North American Natural Resources ETF by 388.4% in the fourth 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 lifted its holdings in SPDR S&P North American Natural Resources ETF by 11.9% during the 4th quarter. Fiduciary Alliance LLC now owns 44,410 shares of the company’s stock worth $2,270,000 after purchasing 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 during the 3rd quarter worth $259,000. Jones Financial Companies Lllp increased its stake in SPDR S&P North American Natural Resources ETF by 10.7% during the 4th quarter. Jones Financial Companies Lllp now owns 3,677 shares of the company’s stock worth $188,000 after acquiring an additional 354 shares during the period. Finally, Horizon Investments LLC increased its stake in SPDR S&P North American Natural Resources ETF by 8.7% during the 4th quarter. Horizon Investments LLC now owns 3,862 shares of the company’s stock worth $197,000 after acquiring an additional 308 shares during the period.

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.