FlexShares Global Upstream Natural Resources Index Fund (NYSEARCA:GUNR) Trading Up 0.4% – Here’s Why

FlexShares Global Upstream Natural Resources Index Fund (NYSEARCA:GUNR) shot up 0.4% during trading on Tuesday . The stock traded as high as $39.00 and last traded at $38.95. 347,980 shares changed hands during mid-day trading, a decline of 51% from the average session volume of 710,742 shares. The stock had previously closed at $38.81.

FlexShares Global Upstream Natural Resources Index Fund Stock Performance

The company has a market capitalization of $4.94 billion, a P/E ratio of 15.37 and a beta of 0.79. The company has a 50-day simple moving average of $38.39 and a 200 day simple moving average of $38.91.

Hedge Funds Weigh In On FlexShares Global Upstream Natural Resources Index Fund

Several large investors have recently bought and sold shares of the stock. Baird Financial Group Inc. increased its stake in FlexShares Global Upstream Natural Resources Index Fund by 4.1% during the fourth quarter. Baird Financial Group Inc. now owns 17,579 shares of the company’s stock valued at $639,000 after acquiring an additional 695 shares during the period. Ameriprise Financial Inc. grew its holdings in shares of FlexShares Global Upstream Natural Resources Index Fund by 10.7% during the 4th quarter. Ameriprise Financial Inc. now owns 699,561 shares of the company’s stock worth $25,436,000 after purchasing an additional 67,605 shares in the last quarter. Betterment LLC increased its position in shares of FlexShares Global Upstream Natural Resources Index Fund by 37.5% during the fourth quarter. Betterment LLC now owns 7,229 shares of the company’s stock valued at $263,000 after purchasing an additional 1,971 shares during the period. Integrated Wealth Concepts LLC raised its stake in shares of FlexShares Global Upstream Natural Resources Index Fund by 18.0% in the fourth quarter. Integrated Wealth Concepts LLC now owns 8,804 shares of the company’s stock valued at $320,000 after purchasing an additional 1,342 shares in the last quarter. Finally, Nicolet Bankshares Inc. raised its stake in shares of FlexShares Global Upstream Natural Resources Index Fund by 100.6% in the fourth quarter. Nicolet Bankshares Inc. now owns 41,744 shares of the company’s stock valued at $1,518,000 after purchasing an additional 20,931 shares in the last quarter.

About FlexShares Global Upstream Natural Resources Index Fund

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.