Geneos Wealth Management Inc. Acquires Additional Shares in SPDR S&P Global Natural Resources ETF

Geneos Wealth Management Inc. has recently enhanced its stake in the SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) by 16.4% during the last quarter of the year. This was detailed in its latest 13F filing submitted to the SEC. Following this acquisition, the firm now holds a total of 2,201 shares of the ETF, which amounts to a value of approximately $110,000 based on its most recent disclosures.

In addition to Geneos Wealth Management, various other institutional investors and hedge funds have also engaged in buying and selling shares of the SPDR S&P Global Natural Resources ETF. Notably, Blue Trust Inc. has significantly raised its stake by 134.2% during the third quarter. After acquiring an additional 294 shares, Blue Trust Inc. now owns 513 shares valued at around $29,000. Other entities such as Garde Capital Inc., Mesirow Financial Investment Management Inc., ASB Consultores LLC, and Cary Street Partners Asset Management LLC have also established new positions in the fund, with investments ranging from approximately $101,000 to $235,000.

Stock Performance of SPDR S&P Global Natural Resources ETF

As of now, the SPDR S&P Global Natural Resources ETF is trading at $52.87. The ETF has a market capitalization of $3.06 billion, a price-to-earnings (P/E) ratio of 7.30, and a beta value of 0.83. Its fifty-day moving average stands at $52.16, while the 200-day moving average is at $54.55. Over the past year, the ETF has experienced a low of $48.54 and a high of $60.63.

Overview of SPDR S&P Global Natural Resources ETF

The SPDR S&P Global Natural Resources ETF (GNR) is an exchange-traded fund that aims to replicate the performance of the S&P Global Natural Resources Index. This fund tracks an array of global companies involved in natural resources and/or commodity industries. Launched on September 13, 2010, the ETF is managed by State Street Corporation.

Investment, ETF, Acquisition