FlexShares Global Upstream Natural Resources Index Fund (NYSEARCA:GUNR) Reaches New 1-Year Low – Here’s Why

FlexShares Global Upstream Natural Resources Index Fund (NYSEARCA:GUNR) shares reached a new 52-week low on Wednesday . The company traded as low as $37.40 and last traded at $37.45, with a volume of 369143 shares traded. The stock had previously closed at $37.58.

FlexShares Global Upstream Natural Resources Index Fund Stock Down 1.9 %

The firm has a 50 day moving average price of $39.80 and a two-hundred day moving average price of $40.16. The company has a market cap of $5.82 billion, a price-to-earnings ratio of 7.47 and a beta of 0.79.

Institutional Investors Weigh In On FlexShares Global Upstream Natural Resources Index Fund

Several large investors have recently added to or reduced their stakes in the business. First Horizon Advisors Inc. grew its stake in FlexShares Global Upstream Natural Resources Index Fund by 30.7% in the second quarter. First Horizon Advisors Inc. now owns 1,307 shares of the company’s stock valued at $52,000 after acquiring an additional 307 shares during the period. Studio Investment Management LLC grew its stake in FlexShares Global Upstream Natural Resources Index Fund by 1.7% in the 3rd quarter. Studio Investment Management LLC now owns 27,048 shares of the company’s stock valued at $1,116,000 after purchasing an additional 463 shares during the period. L.M. Kohn & Company raised its stake in shares of FlexShares Global Upstream Natural Resources Index Fund by 3.0% during the 3rd quarter. L.M. Kohn & Company now owns 23,409 shares of the company’s stock worth $966,000 after purchasing an additional 675 shares during the period. Quent Capital LLC boosted its holdings in shares of FlexShares Global Upstream Natural Resources Index Fund by 182.5% in the 3rd quarter. Quent Capital LLC now owns 1,243 shares of the company’s stock worth $51,000 after buying an additional 803 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV bought a new position in FlexShares Global Upstream Natural Resources Index Fund during the third quarter valued at about $34,000.

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.