FlexShares Morningstar Global Upstream Natural Resources Index Fund (NYSEARCA:GUNR) Shares Down 1.5% – Here’s Why

FlexShares Morningstar Global Upstream Natural Resources Index Fund (NYSEARCA:GUNR)’s stock price dropped 1.5% on Wednesday . The stock traded as low as $48.79 and last traded at $49.05. Approximately 670,443 shares changed hands during mid-day trading, an increase of 18% from the average session volume of 566,471 shares. The stock had previously closed at $49.78.

FlexShares Morningstar Global Upstream Natural Resources Index Fund Stock Down 1.5%

The stock has a market capitalization of $6.70 billion, a PE ratio of 16.05 and a beta of 0.53. The firm’s fifty day moving average is $53.79 and its 200-day moving average is $52.02.

Institutional Trading of FlexShares Morningstar Global Upstream Natural Resources Index Fund

Several hedge funds have recently modified their holdings of GUNR. JPMorgan Chase & Co. raised its position in FlexShares Morningstar Global Upstream Natural Resources Index Fund by 94.2% in the second quarter. JPMorgan Chase & Co. now owns 33,560 shares of the company’s stock worth $1,346,000 after acquiring an additional 16,280 shares in the last quarter. Gamco Investors INC. ET AL purchased a new position in shares of FlexShares Morningstar Global Upstream Natural Resources Index Fund in the 2nd quarter valued at about $706,000. IAG Wealth Partners LLC increased its holdings in shares of FlexShares Morningstar Global Upstream Natural Resources Index Fund by 12.9% in the 3rd quarter. IAG Wealth Partners LLC now owns 149,486 shares of the company’s stock valued at $6,545,000 after purchasing an additional 17,092 shares in the last quarter. BOKF NA increased its holdings in shares of FlexShares Morningstar Global Upstream Natural Resources Index Fund by 1,812.3% in the 3rd quarter. BOKF NA now owns 22,603 shares of the company’s stock valued at $990,000 after purchasing an additional 21,421 shares in the last quarter. Finally, Douglass Winthrop Advisors LLC acquired a new stake in shares of FlexShares Morningstar Global Upstream Natural Resources Index Fund in the third quarter valued at about $682,000.

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.