FlexShares Global Upstream Natural Resources Index Fund (NYSEARCA:GUNR) Trading Up 0.4% – Still a Buy?

FlexShares Global Upstream Natural Resources Index Fund (NYSEARCA:GUNR) were up 0.4% during mid-day trading on Tuesday . The company traded as high as $39.00 and last traded at $38.95. Approximately 347,980 shares were traded during mid-day trading, a decline of 51% from the average daily volume of 710,742 shares. The stock had previously closed at $38.81.

FlexShares Global Upstream Natural Resources Index Fund Price Performance

The stock’s fifty day simple moving average is $38.39 and its 200-day simple moving average is $38.90. The stock has a market cap of $4.79 billion, a P/E ratio of 15.37 and a beta of 0.79.

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

Large investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets boosted its holdings in shares of FlexShares Global Upstream Natural Resources Index Fund by 54,700.0% during the third quarter. BNP Paribas Financial Markets now owns 1,096 shares of the company’s stock valued at $45,000 after acquiring an additional 1,094 shares during the period. Avior Wealth Management LLC increased its holdings in shares of 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 acquiring an additional 1,408 shares during the period. OLD Second National Bank of Aurora bought a new stake in FlexShares Global Upstream Natural Resources Index Fund in the 4th quarter valued at about $163,000. Jones Financial Companies Lllp boosted its stake in 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 purchasing an additional 492 shares during the period. Finally, Essex Savings Bank bought a new position in FlexShares Global Upstream Natural Resources Index Fund in the 4th quarter worth about $232,000.

About FlexShares 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.