Duff & Phelps Investment Management Co. Sells 5,500 Shares of SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR)

Duff & Phelps Investment Management Co. trimmed its position in shares of SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) by 16.6% during the fourth quarter, HoldingsChannel reports. The firm owned 27,550 shares of the company’s stock after selling 5,500 shares during the quarter. Duff & Phelps Investment Management Co.’s holdings in SPDR S&P Global Natural Resources ETF were worth $1,371,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in SPDR S&P Global Natural Resources ETF during the 4th quarter worth $21,830,000. FMR LLC grew its stake in SPDR S&P Global Natural Resources ETF by 195.9% in the third quarter. FMR LLC now owns 472,322 shares of the company’s stock valued at $27,239,000 after acquiring an additional 312,726 shares during the period. Strategic Investment Management LLC bought a new stake in shares of SPDR S&P Global Natural Resources ETF in the fourth quarter worth about $8,230,000. Pure Financial Advisors LLC raised its position in shares of 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 worth $89,013,000 after purchasing an additional 151,624 shares during the period. Finally, Wealthfront Advisers LLC raised its position in shares of SPDR S&P Global Natural Resources ETF by 252.3% during the fourth quarter. Wealthfront Advisers LLC now owns 163,354 shares of the company’s stock worth $8,128,000 after purchasing an additional 116,989 shares during the period.

SPDR S&P Global Natural Resources ETF Stock Performance

Shares of GNR opened at $53.37 on Friday. The stock has a 50 day simple moving average of $53.01 and a 200 day simple moving average of $53.86. SPDR S&P Global Natural Resources ETF has a 52-week low of $48.54 and a 52-week high of $60.64. The firm has a market capitalization of $2.75 billion, a PE ratio of 16.06 and a beta of 0.95.

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.