FlexShares Morningstar Global Upstream Natural Resources Index Fund (NYSEARCA:GUNR) Reaches New 52-Week High – Here’s What Happened

FlexShares Morningstar Global Upstream Natural Resources Index Fund (NYSEARCA:GUNR)’s share price reached a new 52-week high during trading on Monday . The stock 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 Performance

The company has a fifty day moving average of $49.28 and a two-hundred day moving average of $45.52. The firm has a market capitalization of $7.08 billion, a price-to-earnings ratio of 16.05 and a beta of 0.72.

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

Several institutional investors and hedge funds have recently modified their holdings of the business. First Financial Corp IN boosted its stake in shares of FlexShares Morningstar Global Upstream Natural Resources Index Fund by 1,648.5% in the third quarter. First Financial Corp IN now owns 25,965 shares of the company’s stock valued at $1,137,000 after buying an additional 24,480 shares during the period. ST Germain D J Co. Inc. raised its holdings 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 acquiring an additional 230 shares in the last quarter. Park National Corp OH lifted its position in shares of FlexShares Morningstar Global Upstream Natural Resources Index Fund by 48.8% during the 3rd quarter. Park National Corp OH now owns 32,990 shares of the company’s stock valued at $1,444,000 after acquiring an additional 10,813 shares during the period. Hollencrest Capital Management lifted its position 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 acquiring an additional 1,176 shares during the period. Finally, Carter Financial Group INC. acquired a new stake in FlexShares Morningstar Global Upstream Natural Resources Index Fund during the second quarter worth about $200,000.

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.