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) hit a new 52-week high on Wednesday . The stock traded as high as $57.09 and last traded at $57.08, with a volume of 276126 shares traded. The stock had previously closed at $56.52.

FlexShares Morningstar Global Upstream Natural Resources Index Fund Stock Up 1.0%

The stock has a market cap of $7.89 billion, a PE ratio of 16.05 and a beta of 0.55. The firm has a 50 day moving average price of $52.43 and a 200 day moving average price of $53.50.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GUNR. Essential Partners LLC purchased a new position in FlexShares Morningstar Global Upstream Natural Resources Index Fund during the 1st quarter valued at about $61,000. Trust Co. of Vermont purchased a new stake in shares of FlexShares Morningstar Global Upstream Natural Resources Index Fund in the 2nd quarter worth approximately $65,000. Vestor Capital LLC lifted its position in shares of FlexShares Morningstar Global Upstream Natural Resources Index Fund by 7.6% in the 1st quarter. Vestor Capital LLC now owns 2,811 shares of the company’s stock worth $155,000 after purchasing an additional 199 shares during the period. Advisors Preferred LLC purchased a new position in FlexShares Morningstar Global Upstream Natural Resources Index Fund during the first quarter valued at approximately $184,000. Finally, Carter Financial Group INC. increased its holdings in FlexShares Morningstar Global Upstream Natural Resources Index Fund by 4.2% during the first quarter. Carter Financial Group INC. now owns 5,066 shares of the company’s stock valued at $279,000 after buying an additional 203 shares during the period.

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.