FlexShares Global Upstream Natural Resources Index Fund (NYSEARCA:GUNR) Reaches New 52-Week Low – What’s Next?

FlexShares Global Upstream Natural Resources Index Fund (NYSEARCA:GUNR) shares hit a new 52-week low during mid-day trading on Friday . The company 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 Trading Down 7.5 %

The business’s 50-day simple moving average is $38.32 and its 200 day simple moving average is $38.86. The company has a market capitalization of $4.43 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

Institutional investors and hedge funds have recently modified their holdings of the stock. BNP Paribas Financial Markets boosted 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 grew its position in FlexShares Global Upstream Natural Resources Index Fund by 977.8% during 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 acquired a new stake in FlexShares Global Upstream Natural Resources Index Fund during the 4th quarter valued at $163,000. Jones Financial Companies Lllp raised 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 purchased a new stake in shares of FlexShares Global Upstream Natural Resources Index Fund in the fourth quarter valued at $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.