FlexShares Morningstar Global Upstream Natural Resources Index Fund (NYSEARCA:GUNR) Sets New 12-Month High – Time to Buy?

Shares of FlexShares Morningstar Global Upstream Natural Resources Index Fund (NYSEARCA:GUNR) reached a new 52-week high on Monday . The company traded as high as $46.36 and last traded at $45.9960, with a volume of 219085 shares traded. The stock had previously closed at $46.08.

FlexShares Morningstar Global Upstream Natural Resources Index Fund Stock Down 1.2%

The company has a market capitalization of $5.56 billion, a P/E ratio of 16.05 and a beta of 0.72. The company has a 50-day moving average of $44.48 and a two-hundred day moving average of $42.86.

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

Large investors have recently modified their holdings of the stock. Versant Capital Management Inc increased its holdings in FlexShares Morningstar Global Upstream Natural Resources Index Fund by 9.7% during the third quarter. Versant Capital Management Inc now owns 561,696 shares of the company’s stock valued at $24,591,000 after buying an additional 49,610 shares during the last quarter. Flow Traders U.S. LLC boosted its holdings in shares of FlexShares Morningstar Global Upstream Natural Resources Index Fund by 14.9% during the 2nd quarter. Flow Traders U.S. LLC now owns 305,377 shares of the company’s stock valued at $12,249,000 after purchasing an additional 39,574 shares during the last quarter. Farmers National Bank grew its position in shares of FlexShares Morningstar Global Upstream Natural Resources Index Fund by 2.5% during the third quarter. Farmers National Bank now owns 277,533 shares of the company’s stock valued at $12,150,000 after purchasing an additional 6,831 shares in the last quarter. Steph & Co. boosted its position in shares of FlexShares Morningstar Global Upstream Natural Resources Index Fund by 4.0% during the 2nd quarter. Steph & Co. now owns 216,296 shares of the company’s stock valued at $8,676,000 after acquiring an additional 8,416 shares during the last quarter. Finally, Bessemer Group Inc. grew its holdings in shares of FlexShares Morningstar Global Upstream Natural Resources Index Fund by 50.1% in the third quarter. Bessemer Group Inc. now owns 188,681 shares of the company’s stock valued at $8,261,000 after purchasing an additional 63,014 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.