FlexShares Morningstar Global Upstream Natural Resources Index Fund (NYSEARCA:GUNR – Get Free Report) dropped 1.5% on Wednesday . The company traded as low as $48.79 and last traded at $49.05. 670,443 shares traded hands during mid-day trading, an increase of 18% from the average daily volume of 566,471 shares. The stock had previously closed at $49.78.
FlexShares Morningstar Global Upstream Natural Resources Index Fund Price Performance
The company has a 50-day moving average price of $53.79 and a 200-day moving average price of $52.02. The firm has a market capitalization of $6.70 billion, a PE ratio of 16.05 and a beta of 0.53.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. Essential Partners LLC purchased a new position in FlexShares Morningstar Global Upstream Natural Resources Index Fund in the 1st quarter valued at about $61,000. Vestor Capital LLC raised its position in shares of FlexShares Morningstar Global Upstream Natural Resources Index Fund by 7.6% in the first quarter. Vestor Capital LLC now owns 2,811 shares of the company’s stock valued at $155,000 after buying an additional 199 shares during the last quarter. Advisors Preferred LLC acquired a new position in shares of FlexShares Morningstar Global Upstream Natural Resources Index Fund in the first quarter valued at approximately $184,000. Fifth Third Securities Inc. acquired a new position in shares of FlexShares Morningstar Global Upstream Natural Resources Index Fund in the fourth quarter valued at approximately $204,000. Finally, Carter Financial Group INC. lifted its stake in shares of FlexShares Morningstar Global Upstream Natural Resources Index Fund by 4.2% during the first quarter. Carter Financial Group INC. now owns 5,066 shares of the company’s stock valued at $279,000 after buying an additional 203 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.
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