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

FlexShares Morningstar Global Upstream Natural Resources Index Fund (NYSEARCA:GUNR)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $57.09 and last traded at $57.08, with a volume of 276126 shares trading hands. The stock had previously closed at $56.52.

FlexShares Morningstar Global Upstream Natural Resources Index Fund Stock Performance

The stock has a market cap of $7.89 billion, a PE ratio of 16.05 and a beta of 0.55. The stock has a fifty day moving average price of $52.43 and a 200 day moving average price of $53.50.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Essential Partners LLC bought a new position in FlexShares Morningstar Global Upstream Natural Resources Index Fund in the 1st quarter worth about $61,000. Trust Co. of Vermont purchased a new stake in shares of FlexShares Morningstar Global Upstream Natural Resources Index Fund in the second quarter valued at approximately $65,000. Vestor Capital LLC boosted its holdings in shares of FlexShares Morningstar Global Upstream Natural Resources Index Fund by 7.6% in the first quarter. Vestor Capital LLC now owns 2,811 shares of the company’s stock valued at $155,000 after purchasing an additional 199 shares during the period. Advisors Preferred LLC bought a new position in FlexShares Morningstar Global Upstream Natural Resources Index Fund in the first quarter worth approximately $184,000. Finally, Carter Financial Group INC. grew its stake in FlexShares Morningstar Global Upstream Natural Resources Index Fund by 4.2% in the first quarter. Carter Financial Group INC. now owns 5,066 shares of the company’s stock worth $279,000 after purchasing an additional 203 shares in the last quarter.

About FlexShares Morningstar Global Upstream Natural Resources Index Fund

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.