FlexShares Morningstar Global Upstream Natural Resources Index Fund (NYSEARCA:GUNR) Sets New 1-Year High – Time to Buy?

FlexShares Morningstar Global Upstream Natural Resources Index Fund (NYSEARCA:GUNR)’s stock price hit a new 52-week high on Friday . The company traded as high as $56.83 and last traded at $56.83, with a volume of 84143 shares traded. The stock had previously closed at $55.97.

FlexShares Morningstar Global Upstream Natural Resources Index Fund Price Performance

The firm’s 50 day moving average price is $51.62 and its two-hundred day moving average price is $53.25. The stock has a market cap of $7.84 billion, a PE ratio of 16.05 and a beta of 0.55.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of GUNR. Connable Office Inc. lifted its position in shares of FlexShares Morningstar Global Upstream Natural Resources Index Fund by 33.2% during the fourth quarter. Connable Office Inc. now owns 1,248,153 shares of the company’s stock worth $57,228,000 after acquiring an additional 311,192 shares in the last quarter. NBT Bank N A NY grew its position in shares of FlexShares Morningstar Global Upstream Natural Resources Index Fund by 1.4% in the first quarter. NBT Bank N A NY now owns 926,707 shares of the company’s stock valued at $51,117,000 after purchasing an additional 12,539 shares in the last quarter. Versant Capital Management Inc raised its stake in shares of FlexShares Morningstar Global Upstream Natural Resources Index Fund by 5.1% during the 2nd quarter. Versant Capital Management Inc now owns 883,841 shares of the company’s stock valued at $43,556,000 after purchasing an additional 43,198 shares during the period. Farmers National Bank raised its stake in shares of FlexShares Morningstar Global Upstream Natural Resources Index Fund by 0.7% during the 1st quarter. Farmers National Bank now owns 280,230 shares of the company’s stock valued at $15,457,000 after purchasing an additional 1,865 shares during the period. Finally, Bessemer Group Inc. raised its stake in shares of FlexShares Morningstar Global Upstream Natural Resources Index Fund by 0.4% during the 1st quarter. Bessemer Group Inc. now owns 193,462 shares of the company’s stock valued at $10,672,000 after purchasing an additional 789 shares during the period.

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.