FlexShares Morningstar Global Upstream Natural Resources Index Fund (NYSEARCA:GUNR) Reaches New 12-Month High – Here’s What Happened

Shares of FlexShares Morningstar Global Upstream Natural Resources Index Fund (NYSEARCA:GUNR) hit a new 52-week high during trading on Monday . The stock traded as high as $47.79 and last traded at $47.8880, with a volume of 26325 shares changing hands. The stock had previously closed at $47.36.

FlexShares Morningstar Global Upstream Natural Resources Index Fund Trading Up 2.4%

The business’s fifty day moving average price is $45.26 and its 200 day moving average price is $43.39. The firm has a market capitalization of $6.12 billion, a price-to-earnings ratio of 16.05 and a beta of 0.72.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of GUNR. Ledyard National Bank acquired a new position in FlexShares Morningstar Global Upstream Natural Resources Index Fund during the 2nd quarter worth approximately $7,156,000. Bessemer Group Inc. increased its position in FlexShares Morningstar Global Upstream Natural Resources Index Fund by 50.1% in the third quarter. Bessemer Group Inc. now owns 188,681 shares of the company’s stock worth $8,261,000 after buying an additional 63,014 shares during the period. Sageworth Trust Co acquired a new position in FlexShares Morningstar Global Upstream Natural Resources Index Fund during the 2nd quarter worth $2,455,000. Versant Capital Management Inc grew its position in FlexShares Morningstar Global Upstream Natural Resources Index Fund by 9.7% in the 3rd quarter. Versant Capital Management Inc now owns 561,696 shares of the company’s stock valued at $24,591,000 after buying an additional 49,610 shares in the last quarter. Finally, Flow Traders U.S. LLC raised its holdings in 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 worth $12,249,000 after purchasing an additional 39,574 shares in the last quarter.

About FlexShares Morningstar 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. GUNR was launched on Sep 16, 2011 and is managed by FlexShares.