FlexShares Global Upstream Natural Resources Index Fund (NYSEARCA:GUNR) Stock Price Up 0.6% – Time to Buy?

FlexShares Global Upstream Natural Resources Index Fund (NYSEARCA:GUNR)’s share price rose 0.6% during trading on Tuesday . The company traded as high as $38.49 and last traded at $38.44. Approximately 584,794 shares traded hands during mid-day trading, a decline of 11% from the average daily volume of 660,149 shares. The stock had previously closed at $38.21.

FlexShares Global Upstream Natural Resources Index Fund Trading Up 0.6 %

The stock has a market capitalization of $6.07 billion, a PE ratio of 7.47 and a beta of 0.79. The firm’s 50-day simple moving average is $38.00 and its two-hundred day simple moving average is $39.49.

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

Several hedge funds have recently bought and sold shares of GUNR. Flow Traders U.S. LLC grew its holdings in shares of FlexShares Global Upstream Natural Resources Index Fund by 436.1% during the 3rd quarter. Flow Traders U.S. LLC now owns 291,698 shares of the company’s stock valued at $12,033,000 after acquiring an additional 237,285 shares in the last quarter. Versant Capital Management Inc boosted its position in FlexShares Global Upstream Natural Resources Index Fund by 3.8% during the fourth quarter. Versant Capital Management Inc now owns 531,053 shares of the company’s stock valued at $19,309,000 after purchasing an additional 19,338 shares during the last quarter. LRI Investments LLC purchased a new position in FlexShares Global Upstream Natural Resources Index Fund in the third quarter valued at about $727,000. IAG Wealth Partners LLC raised its stake in shares of FlexShares Global Upstream Natural Resources Index Fund by 11.3% during the 3rd quarter. IAG Wealth Partners LLC now owns 166,801 shares of the company’s stock worth $6,881,000 after purchasing an additional 16,888 shares in the last quarter. Finally, First PREMIER Bank purchased a new stake in shares of FlexShares Global Upstream Natural Resources Index Fund during the 3rd quarter worth about $512,000.

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.