FlexShares Morningstar Global Upstream Natural Resources Index Fund (NYSEARCA:GUNR) Reaches New 1-Year High – What’s Next?

FlexShares Morningstar Global Upstream Natural Resources Index Fund (NYSEARCA:GUNR) shares hit a new 52-week high during trading on Thursday . The stock traded as high as $42.78 and last traded at $42.75, with a volume of 184463 shares trading hands. The stock had previously closed at $42.65.

FlexShares Morningstar Global Upstream Natural Resources Index Fund Stock Performance

The company has a 50 day moving average price of $41.01 and a 200 day moving average price of $39.28. The company has a market capitalization of $5.05 billion, a price-to-earnings ratio of 16.05 and a beta of 0.95.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in GUNR. Ledyard National Bank acquired a new position in shares of FlexShares Morningstar Global Upstream Natural Resources Index Fund during the second quarter valued at about $7,156,000. Connable Office Inc. boosted its stake in FlexShares Morningstar Global Upstream Natural Resources Index Fund by 7.9% during the 1st quarter. Connable Office Inc. now owns 962,601 shares of the company’s stock valued at $37,359,000 after purchasing an additional 70,451 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of FlexShares Morningstar Global Upstream Natural Resources Index Fund by 10.7% during the fourth quarter. Ameriprise Financial Inc. now owns 699,561 shares of the company’s stock valued at $25,436,000 after buying an additional 67,605 shares during the last quarter. Sageworth Trust Co purchased a new position in shares of FlexShares Morningstar Global Upstream Natural Resources Index Fund during the second quarter valued at approximately $2,455,000. Finally, Flow Traders U.S. LLC boosted its position in shares of FlexShares Morningstar Global Upstream Natural Resources Index Fund by 14.9% during the second quarter. Flow Traders U.S. LLC now owns 305,377 shares of the company’s stock valued at $12,249,000 after buying an additional 39,574 shares during the last quarter.

FlexShares Morningstar Global Upstream Natural Resources Index Fund Company Profile

The FlexShares Morningstar Global Upstream Natural Resources Index Fund (GUNR) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks an index of global companies that operate, manage or produce natural resources in energy, agriculture, metals, timber or water.