FlexShares Morningstar Global Upstream Natural Resources Index Fund (NYSEARCA:GUNR) Sets New 52-Week High – Time to Buy?

FlexShares Morningstar Global Upstream Natural Resources Index Fund (NYSEARCA:GUNR) shares hit a new 52-week high during trading on Monday . The company traded as high as $47.00 and last traded at $46.7040, with a volume of 200 shares changing hands. The stock had previously closed at $46.58.

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

The stock’s fifty day moving average is $44.72 and its two-hundred day moving average is $43.04. The company has a market capitalization of $5.83 billion, a PE ratio of 16.05 and a beta of 0.72.

Institutional Trading of FlexShares Morningstar Global Upstream Natural Resources Index Fund

Institutional investors have recently made changes to their positions in the stock. ST Germain D J Co. Inc. grew its holdings in FlexShares Morningstar Global Upstream Natural Resources Index Fund by 61.3% in the 3rd quarter. ST Germain D J Co. Inc. now owns 605 shares of the company’s stock worth $26,000 after acquiring an additional 230 shares during the last quarter. Carter Financial Group INC. purchased a new position in FlexShares Morningstar Global Upstream Natural Resources Index Fund during the 2nd quarter valued at about $200,000. Hollencrest Capital Management lifted its holdings in FlexShares Morningstar Global Upstream Natural Resources Index Fund by 28.7% in the 2nd quarter. Hollencrest Capital Management now owns 5,273 shares of the company’s stock worth $212,000 after buying an additional 1,176 shares during the period. Jones Financial Companies Lllp increased its stake in shares of FlexShares Morningstar Global Upstream Natural Resources Index Fund by 15.3% during the third quarter. Jones Financial Companies Lllp now owns 5,686 shares of the company’s stock valued at $249,000 after buying an additional 754 shares during the period. Finally, Waterloo Capital L.P. boosted its position 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 purchasing an additional 506 shares in the last quarter.

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.