FlexShares Global Upstream Natural Resources Index Fund (NYSEARCA:GUNR) Reaches New 12-Month Low – What’s Next?

Shares of FlexShares Global Upstream Natural Resources Index Fund (NYSEARCA:GUNR) reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $35.44 and last traded at $35.26, with a volume of 173790 shares changing hands. The stock had previously closed at $37.78.

FlexShares Global Upstream Natural Resources Index Fund Stock Down 7.5 %

The stock has a market capitalization of $4.43 billion, a P/E ratio of 15.37 and a beta of 0.79. The firm has a fifty day moving average price of $38.32 and a two-hundred day moving average price of $38.86.

Institutional Investors Weigh In On FlexShares Global Upstream Natural Resources Index Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GUNR. BNP Paribas Financial Markets raised its holdings in shares of FlexShares Global Upstream Natural Resources Index Fund by 54,700.0% in the third quarter. BNP Paribas Financial Markets now owns 1,096 shares of the company’s stock worth $45,000 after buying an additional 1,094 shares during the period. Avior Wealth Management LLC boosted its stake in FlexShares Global Upstream Natural Resources Index Fund by 977.8% in the 4th quarter. Avior Wealth Management LLC now owns 1,552 shares of the company’s stock worth $56,000 after purchasing an additional 1,408 shares in the last quarter. OLD Second National Bank of Aurora purchased a new position in shares of FlexShares Global Upstream Natural Resources Index Fund in the fourth quarter worth about $163,000. Jones Financial Companies Lllp raised its stake in shares of FlexShares Global Upstream Natural Resources Index Fund by 11.1% during the 4th quarter. Jones Financial Companies Lllp now owns 4,931 shares of the company’s stock valued at $179,000 after buying an additional 492 shares during the last quarter. Finally, Essex Savings Bank acquired a new stake in shares of FlexShares Global Upstream Natural Resources Index Fund during the 4th quarter valued at about $232,000.

FlexShares 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.