FlexShares Morningstar Global Upstream Natural Resources Index Fund (NYSEARCA:GUNR) Hits New 52-Week High – Should You Buy?

FlexShares Morningstar Global Upstream Natural Resources Index Fund (NYSEARCA:GUNR)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $56.07 and last traded at $55.7420, with a volume of 175692 shares trading hands. The stock had previously closed at $55.64.

FlexShares Morningstar Global Upstream Natural Resources Index Fund Trading Down 0.1%

The company has a market cap of $7.31 billion, a PE ratio of 16.05 and a beta of 0.72. The firm’s fifty day moving average is $50.23 and its 200 day moving average is $45.99.

Institutional Trading of FlexShares Morningstar Global Upstream Natural Resources Index Fund

A number of institutional investors and hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. lifted its stake in FlexShares Morningstar Global Upstream Natural Resources Index Fund by 94.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 33,560 shares of the company’s stock valued at $1,346,000 after buying an additional 16,280 shares in the last quarter. Waterloo Capital L.P. raised its holdings in shares of FlexShares Morningstar Global Upstream Natural Resources Index Fund by 8.2% during the second quarter. Waterloo Capital L.P. now owns 6,700 shares of the company’s stock valued at $269,000 after acquiring an additional 506 shares during the last quarter. Farmers National Bank raised its holdings in shares of FlexShares Morningstar Global Upstream Natural Resources Index Fund by 2.0% during the second quarter. Farmers National Bank now owns 270,702 shares of the company’s stock valued at $10,858,000 after acquiring an additional 5,372 shares during the last quarter. Nicolet Bankshares Inc. lifted its position in shares of FlexShares Morningstar Global Upstream Natural Resources Index Fund by 53.3% in the second quarter. Nicolet Bankshares Inc. now owns 40,516 shares of the company’s stock valued at $1,625,000 after acquiring an additional 14,090 shares in the last quarter. Finally, IAG Wealth Partners LLC boosted its stake in shares of FlexShares Morningstar Global Upstream Natural Resources Index Fund by 30.2% in the second quarter. IAG Wealth Partners LLC now owns 132,394 shares of the company’s stock worth $5,310,000 after acquiring an additional 30,703 shares during 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.