FlexShares Morningstar Global Upstream Natural Resources Index Fund (NYSEARCA:GUNR) Hits New 52-Week High – What’s Next?

FlexShares Morningstar Global Upstream Natural Resources Index Fund (NYSEARCA:GUNR)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $49.47 and last traded at $49.3960, with a volume of 286565 shares trading hands. The stock had previously closed at $49.00.

FlexShares Morningstar Global Upstream Natural Resources Index Fund Stock Up 0.8%

The company has a 50 day simple moving average of $45.71 and a 200-day simple moving average of $43.63. The stock has a market capitalization of $6.17 billion, a price-to-earnings ratio of 16.05 and a beta of 0.72.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Nicolet Bankshares Inc. grew its stake in shares of FlexShares Morningstar Global Upstream Natural Resources Index Fund by 53.3% in the 2nd quarter. Nicolet Bankshares Inc. now owns 40,516 shares of the company’s stock valued at $1,625,000 after buying an additional 14,090 shares during the period. Waterloo Capital L.P. raised its stake in FlexShares Morningstar Global Upstream Natural Resources Index Fund by 8.2% during the 2nd quarter. Waterloo Capital L.P. now owns 6,700 shares of the company’s stock worth $269,000 after buying an additional 506 shares during the period. Farmers National Bank boosted its holdings in FlexShares Morningstar Global Upstream Natural Resources Index Fund by 2.0% in the second quarter. Farmers National Bank now owns 270,702 shares of the company’s stock worth $10,858,000 after acquiring an additional 5,372 shares in the last quarter. Ledyard National Bank bought a new position in FlexShares Morningstar Global Upstream Natural Resources Index Fund in the second quarter worth approximately $7,156,000. Finally, Bessemer Group Inc. grew its stake in FlexShares Morningstar Global Upstream Natural Resources Index Fund by 7.4% in the second quarter. Bessemer Group Inc. now owns 125,667 shares of the company’s stock valued at $5,041,000 after acquiring an additional 8,635 shares during the period.

FlexShares Morningstar Global Upstream Natural Resources Index Fund Company Profile

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.