FlexShares Morningstar Global Upstream Natural Resources Index Fund (NYSEARCA:GUNR) Reaches New 1-Year High – Here’s Why

Shares of FlexShares Morningstar Global Upstream Natural Resources Index Fund (NYSEARCA:GUNR) reached a new 52-week high during trading on Wednesday . The stock traded as high as $53.74 and last traded at $53.3840, with a volume of 59390 shares trading hands. The stock had previously closed at $52.87.

FlexShares Morningstar Global Upstream Natural Resources Index Fund Price Performance

The stock has a market capitalization of $7.01 billion, a P/E ratio of 16.05 and a beta of 0.72. The firm has a 50-day simple moving average of $48.31 and a 200 day simple moving average of $44.93.

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

Hedge funds have recently added to or reduced their stakes in the stock. ST Germain D J Co. Inc. grew its stake in FlexShares Morningstar Global Upstream Natural Resources Index Fund by 61.3% in the 3rd quarter. ST Germain D J Co. Inc. now owns 605 shares of the company’s stock valued at $26,000 after purchasing an additional 230 shares during the period. Carter Financial Group INC. bought a new position in shares of FlexShares Morningstar Global Upstream Natural Resources Index Fund during the 2nd quarter worth $200,000. Fifth Third Securities Inc. purchased a new stake in FlexShares Morningstar Global Upstream Natural Resources Index Fund during the fourth quarter valued at about $204,000. Hollencrest Capital Management lifted its stake in shares of FlexShares Morningstar Global Upstream Natural Resources Index Fund by 28.7% during the 2nd quarter. Hollencrest Capital Management now owns 5,273 shares of the company’s stock valued at $212,000 after buying an additional 1,176 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its position in shares of 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 acquiring an additional 754 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.