SPDR S&P North American Natural Resources ETF (NYSEARCA:NANR) Stock Price Down 0.5% – Here’s Why

SPDR S&P North American Natural Resources ETF (NYSEARCA:NANR)’s share price dropped 0.5% during mid-day trading on Tuesday . The company traded as low as $57.19 and last traded at $57.41. Approximately 25,646 shares were traded during trading, an increase of 9% from the average daily volume of 23,477 shares. The stock had previously closed at $57.70.

SPDR S&P North American Natural Resources ETF Stock Performance

The firm has a fifty day moving average price of $56.99 and a 200 day moving average price of $55.81. The company has a market cap of $572.58 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 hedge fund recently raised its stake in SPDR S&P North American Natural Resources ETF stock. Fiduciary Alliance LLC grew its holdings in SPDR S&P North American Natural Resources ETF (NYSEARCA:NANR) by 13.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 39,675 shares of the company’s stock after buying an additional 4,752 shares during the period. Fiduciary Alliance LLC owned 0.40% of SPDR S&P North American Natural Resources ETF worth $2,247,000 at the end of the most recent 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.