FlexShares Morningstar Global Upstream Natural Resources Index Fund (NYSEARCA:GUNR) Hits New 1-Year High – Should You Buy?

FlexShares Morningstar Global Upstream Natural Resources Index Fund (NYSEARCA:GUNR) reached a new 52-week high on Thursday . The company traded as high as $45.89 and last traded at $45.9340, with a volume of 96867 shares trading hands. The stock had previously closed at $45.39.

FlexShares Morningstar Global Upstream Natural Resources Index Fund Price Performance

The company has a market capitalization of $5.58 billion, a price-to-earnings ratio of 16.05 and a beta of 0.72. The business’s 50-day moving average price is $44.00 and its two-hundred day moving average price is $42.32.

Institutional Trading of FlexShares Morningstar Global Upstream Natural Resources Index Fund

A number of institutional investors have recently modified their holdings of the stock. ST Germain D J Co. Inc. grew its holdings in shares of FlexShares Morningstar Global Upstream Natural Resources Index Fund by 61.3% during the 3rd quarter. ST Germain D J Co. Inc. now owns 605 shares of the company’s stock worth $26,000 after purchasing an additional 230 shares in the last quarter. Carter Financial Group INC. bought a new stake in FlexShares Morningstar Global Upstream Natural Resources Index Fund during the second quarter worth about $200,000. Hollencrest Capital Management lifted its position in FlexShares Morningstar Global Upstream Natural Resources Index Fund by 28.7% during the second quarter. Hollencrest Capital Management now owns 5,273 shares of the company’s stock worth $212,000 after purchasing an additional 1,176 shares during the period. Jones Financial Companies Lllp grew its stake in FlexShares Morningstar Global Upstream Natural Resources Index Fund by 15.3% during the third quarter. Jones Financial Companies Lllp now owns 5,686 shares of the company’s stock worth $249,000 after buying an additional 754 shares in the last quarter. Finally, Waterloo Capital L.P. increased its holdings in FlexShares Morningstar Global Upstream Natural Resources Index Fund by 8.2% in the 2nd quarter. Waterloo Capital L.P. now owns 6,700 shares of the company’s stock valued at $269,000 after buying an additional 506 shares during the period.

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.