FlexShares Morningstar Global Upstream Natural Resources Index Fund (NYSEARCA:GUNR) Stock Price Down 0.7% – Here’s What Happened

FlexShares Morningstar Global Upstream Natural Resources Index Fund (NYSEARCA:GUNR)’s stock price dropped 0.7% during trading on Wednesday . The stock traded as low as $54.42 and last traded at $54.45. Approximately 339,758 shares changed hands during trading, a decline of 43% from the average daily volume of 593,865 shares. The stock had previously closed at $54.83.

FlexShares Morningstar Global Upstream Natural Resources Index Fund Price Performance

The company’s 50-day simple moving average is $54.78 and its 200-day simple moving average is $51.31. The company has a market cap of $7.15 billion, a price-to-earnings ratio of 16.05 and a beta of 0.53.

Institutional Trading of FlexShares Morningstar Global Upstream Natural Resources Index Fund

Several institutional investors and hedge funds have recently bought and sold shares of the company. Connable Office Inc. raised its stake in FlexShares Morningstar Global Upstream Natural Resources Index Fund by 33.2% during the fourth quarter. Connable Office Inc. now owns 1,248,153 shares of the company’s stock valued at $57,228,000 after buying an additional 311,192 shares in the last quarter. NBT Bank N A NY raised its stake in FlexShares Morningstar Global Upstream Natural Resources Index Fund by 1.4% during the first quarter. NBT Bank N A NY now owns 926,707 shares of the company’s stock valued at $51,117,000 after buying an additional 12,539 shares in the last quarter. Farmers National Bank raised its stake in FlexShares Morningstar Global Upstream Natural Resources Index Fund by 0.3% during the fourth quarter. Farmers National Bank now owns 278,365 shares of the company’s stock valued at $12,763,000 after buying an additional 832 shares in the last quarter. Bessemer Group Inc. raised its stake in FlexShares Morningstar Global Upstream Natural Resources Index Fund by 0.4% during the first quarter. Bessemer Group Inc. now owns 193,462 shares of the company’s stock valued at $10,672,000 after buying an additional 789 shares in the last quarter. Finally, Align Financial LLC acquired a new stake in FlexShares Morningstar Global Upstream Natural Resources Index Fund during the fourth quarter valued at approximately $8,541,000.

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.