FlexShares Global Upstream Natural Resources Index Fund (NYSEARCA:GUNR) Trading Up 1.4%

FlexShares Global Upstream Natural Resources Index Fund (NYSEARCA:GUNR)’s stock price traded up 1.4% during mid-day trading on Thursday . The stock traded as high as $42.70 and last traded at $42.68. 4,649,886 shares changed hands during trading, an increase of 551% from the average session volume of 713,789 shares. The stock had previously closed at $42.10.

FlexShares Global Upstream Natural Resources Index Fund Stock Performance

The stock has a 50-day simple moving average of $41.01 and a 200 day simple moving average of $39.93. The stock has a market capitalization of $6.73 billion, a P/E ratio of 7.47 and a beta of 0.79.

Hedge Funds Weigh In On FlexShares Global Upstream Natural Resources Index Fund

Hedge funds have recently added to or reduced their stakes in the company. First Horizon Advisors Inc. acquired a new stake in FlexShares Global Upstream Natural Resources Index Fund during the 4th quarter worth $27,000. Northwest Bank & Trust Co bought a new position in shares of FlexShares Global Upstream Natural Resources Index Fund in the 4th quarter worth $41,000. American National Bank grew its stake in shares of FlexShares Global Upstream Natural Resources Index Fund by 75.4% during the first quarter. American National Bank now owns 1,261 shares of the company’s stock worth $52,000 after purchasing an additional 542 shares during the period. Daiwa Securities Group Inc. increased its holdings in FlexShares Global Upstream Natural Resources Index Fund by 19.4% in the third quarter. Daiwa Securities Group Inc. now owns 4,300 shares of the company’s stock valued at $174,000 after purchasing an additional 700 shares during the last quarter. Finally, UMB Bank n.a. lifted its stake in FlexShares Global Upstream Natural Resources Index Fund by 54.5% in the first quarter. UMB Bank n.a. now owns 4,571 shares of the company’s stock valued at $188,000 after buying an additional 1,613 shares during the period.

FlexShares 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.