FlexShares Morningstar Global Upstream Natural Resources Index Fund (NYSEARCA:GUNR) Sets New 1-Year High – Time to Buy?

FlexShares Morningstar Global Upstream Natural Resources Index Fund (NYSEARCA:GUNR) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $46.36 and last traded at $45.9960, with a volume of 219085 shares changing hands. The stock had previously closed at $46.08.

FlexShares Morningstar Global Upstream Natural Resources Index Fund Trading Up 0.7%

The firm’s 50-day moving average is $44.58 and its two-hundred day moving average is $42.93. The stock has a market cap of $5.60 billion, a price-to-earnings ratio of 16.05 and a beta of 0.72.

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

Hedge funds and other institutional investors have recently made changes to their positions in the company. Betterment LLC boosted its stake in shares of FlexShares Morningstar Global Upstream Natural Resources Index Fund by 7.8% in the first quarter. Betterment LLC now owns 7,795 shares of the company’s stock worth $303,000 after acquiring an additional 566 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in FlexShares Morningstar Global Upstream Natural Resources Index Fund by 476.4% in the 1st quarter. Jones Financial Companies Lllp now owns 28,423 shares of the company’s stock valued at $1,103,000 after purchasing an additional 23,492 shares in the last quarter. S. R. Schill & Associates lifted its holdings in FlexShares Morningstar Global Upstream Natural Resources Index Fund by 2.8% in the 2nd quarter. S. R. Schill & Associates now owns 116,558 shares of the company’s stock valued at $4,675,000 after purchasing an additional 3,155 shares in the last quarter. TD Private Client Wealth LLC boosted its stake in FlexShares Morningstar Global Upstream Natural Resources Index Fund by 5.8% during the 2nd quarter. TD Private Client Wealth LLC now owns 10,647 shares of the company’s stock worth $427,000 after purchasing an additional 586 shares during the last quarter. Finally, Missouri Trust & Investment Co grew its holdings in shares of FlexShares Morningstar Global Upstream Natural Resources Index Fund by 0.5% during the second quarter. Missouri Trust & Investment Co now owns 71,222 shares of the company’s stock worth $2,857,000 after buying an additional 376 shares in the last quarter.

About FlexShares Morningstar 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. GUNR was launched on Sep 16, 2011 and is managed by FlexShares.