FlexShares Morningstar Global Upstream Natural Resources Index Fund (NYSEARCA:GUNR) Hits New 12-Month High – Should You Buy?

FlexShares Morningstar Global Upstream Natural Resources Index Fund (NYSEARCA:GUNR)’s stock price hit a new 52-week high on Monday . The company traded as high as $54.57 and last traded at $54.2310, with a volume of 31488 shares trading hands. The stock had previously closed at $53.86.

FlexShares Morningstar Global Upstream Natural Resources Index Fund Stock Down 0.1%

The stock has a market cap of $7.08 billion, a price-to-earnings ratio of 16.05 and a beta of 0.72. The stock’s fifty day moving average is $49.28 and its 200-day moving average is $45.52.

Institutional Trading of FlexShares Morningstar Global Upstream Natural Resources Index Fund

Large investors have recently made changes to their positions in the company. ST Germain D J Co. Inc. raised its holdings in FlexShares Morningstar Global Upstream Natural Resources Index Fund by 61.3% during the 3rd quarter. ST Germain D J Co. Inc. now owns 605 shares of the company’s stock worth $26,000 after buying an additional 230 shares during the period. Carter Financial Group INC. acquired a new stake in shares of FlexShares Morningstar Global Upstream Natural Resources Index Fund in the second quarter valued at approximately $200,000. Fifth Third Securities Inc. bought a new stake in shares of FlexShares Morningstar Global Upstream Natural Resources Index Fund in the fourth quarter worth $204,000. Hollencrest Capital Management lifted its position in shares of FlexShares Morningstar Global Upstream Natural Resources Index Fund by 28.7% in the second quarter. Hollencrest Capital Management now owns 5,273 shares of the company’s stock worth $212,000 after purchasing an additional 1,176 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its holdings in FlexShares Morningstar Global Upstream Natural Resources Index Fund by 15.3% during the third quarter. Jones Financial Companies Lllp now owns 5,686 shares of the company’s stock worth $249,000 after purchasing an additional 754 shares during 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.