FlexShares Morningstar Global Upstream Natural Resources Index Fund (NYSEARCA:GUNR) Shares Down 1.5% – Here’s Why

FlexShares Morningstar Global Upstream Natural Resources Index Fund (NYSEARCA:GUNR) fell 1.5% during mid-day trading on Wednesday . The stock traded as low as $48.79 and last traded at $49.05. Approximately 670,443 shares were traded during mid-day trading, an increase of 18% from the average daily volume of 566,471 shares. The stock had previously closed at $49.78.

FlexShares Morningstar Global Upstream Natural Resources Index Fund Stock Down 0.2%

The stock’s fifty day moving average price is $53.67 and its 200 day moving average price is $52.05. The stock has a market cap of $6.73 billion, a PE ratio of 16.05 and a beta of 0.53.

Institutional Trading of FlexShares Morningstar Global Upstream Natural Resources Index Fund

Several institutional investors have recently added to or reduced their stakes in the business. Connable Office Inc. increased its holdings in shares of FlexShares Morningstar Global Upstream Natural Resources Index Fund by 33.2% in the 4th quarter. Connable Office Inc. now owns 1,248,153 shares of the company’s stock worth $57,228,000 after purchasing an additional 311,192 shares in the last quarter. Align Financial LLC bought a new position in shares of FlexShares Morningstar Global Upstream Natural Resources Index Fund during the fourth quarter valued at $8,541,000. Park National Corp OH boosted its position in shares of FlexShares Morningstar Global Upstream Natural Resources Index Fund by 108.8% during the first quarter. Park National Corp OH now owns 66,535 shares of the company’s stock valued at $3,670,000 after buying an additional 34,662 shares during the last quarter. Fiduciary Alliance LLC purchased a new stake in shares of FlexShares Morningstar Global Upstream Natural Resources Index Fund during the first quarter valued at $1,666,000. Finally, BOKF NA increased its holdings in FlexShares Morningstar Global Upstream Natural Resources Index Fund by 1,812.3% in the 3rd quarter. BOKF NA now owns 22,603 shares of the company’s stock worth $990,000 after buying an additional 21,421 shares in the last quarter.

FlexShares Morningstar Global Upstream Natural Resources Index Fund Company Profile

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.