FlexShares Global Upstream Natural Resources Index Fund (NYSEARCA:GUNR) Trading Down 0.6% – Here’s Why

FlexShares Global Upstream Natural Resources Index Fund (NYSEARCA:GUNR) dropped 0.6% on Wednesday . The company traded as low as $40.29 and last traded at $40.50. Approximately 340,005 shares were traded during trading, a decline of 50% from the average daily volume of 681,989 shares. The stock had previously closed at $40.75.

FlexShares Global Upstream Natural Resources Index Fund Price Performance

The business has a 50-day simple moving average of $40.47 and a two-hundred day simple moving average of $40.88. The stock has a market cap of $6.38 billion, a price-to-earnings ratio of 7.47 and a beta of 0.79.

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

Institutional investors and hedge funds have recently made changes to their positions in the company. Beam Wealth Advisors Inc. acquired a new position in shares of FlexShares Global Upstream Natural Resources Index Fund in the second quarter valued at approximately $816,000. Connable Office Inc. grew its position in shares of FlexShares Global Upstream Natural Resources Index Fund by 0.6% in the second quarter. Connable Office Inc. now owns 735,929 shares of the company’s stock valued at $29,540,000 after purchasing an additional 4,503 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its position in shares of FlexShares Global Upstream Natural Resources Index Fund by 4.8% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 33,719 shares of the company’s stock valued at $1,353,000 after purchasing an additional 1,543 shares during the last quarter. Whittier Trust Co. grew its position in shares of FlexShares Global Upstream Natural Resources Index Fund by 565.7% in the second quarter. Whittier Trust Co. now owns 11,524 shares of the company’s stock valued at $462,000 after purchasing an additional 9,793 shares during the last quarter. Finally, Stelac Advisory Services LLC acquired a new position in shares of FlexShares Global Upstream Natural Resources Index Fund in the second quarter valued at approximately $1,343,000.

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.