FlexShares Morningstar Global Upstream Natural Resources Index Fund (NYSEARCA:GUNR) Stock Price Cross Below 200-Day Moving Average – Here’s What Happened

Shares of FlexShares Morningstar Global Upstream Natural Resources Index Fund (NYSEARCA:GUNR) crossed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $53.51 and traded as low as $53.06. FlexShares Morningstar Global Upstream Natural Resources Index Fund shares last traded at $53.09, with a volume of 206,698 shares changing hands.

FlexShares Morningstar Global Upstream Natural Resources Index Fund Stock Down 0.8%

The stock’s 50-day moving average price is $54.81 and its 200 day moving average price is $53.51. The company has a market cap of $6.95 billion, a P/E ratio of 16.05 and a beta of 0.58.

Institutional Trading of FlexShares Morningstar Global Upstream Natural Resources Index Fund

Several institutional investors have recently modified their holdings of the company. Vestor Capital LLC boosted its stake in FlexShares Morningstar Global Upstream Natural Resources Index Fund by 7.6% during the first quarter. Vestor Capital LLC now owns 2,811 shares of the company’s stock worth $155,000 after buying an additional 199 shares in the last quarter. NewEdge Advisors LLC boosted its stake in shares of FlexShares Morningstar Global Upstream Natural Resources Index Fund by 22.5% in the 2nd quarter. NewEdge Advisors LLC now owns 2,470 shares of the company’s stock valued at $122,000 after purchasing an additional 453 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of FlexShares Morningstar Global Upstream Natural Resources Index Fund by 13.0% in the 1st quarter. Bank of New York Mellon Corp now owns 5,105 shares of the company’s stock valued at $282,000 after purchasing an additional 587 shares in the last quarter. Bessemer Group Inc. grew its holdings in shares of FlexShares Morningstar Global Upstream Natural Resources Index Fund by 0.4% in the 1st quarter. Bessemer Group Inc. now owns 193,462 shares of the company’s stock worth $10,672,000 after purchasing an additional 789 shares during the last quarter. Finally, Essential Partners LLC bought a new stake in shares of FlexShares Morningstar Global Upstream Natural Resources Index Fund in the 1st quarter worth about $61,000.

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.