FlexShares Global Upstream Natural Resources Index Fund (NYSEARCA:GUNR) Sets New 1-Year Low – Time to Sell?

FlexShares Global Upstream Natural Resources Index Fund (NYSEARCA:GUNR) shares hit a new 52-week low during trading on Wednesday . The stock traded as low as $37.40 and last traded at $37.45, with a volume of 369143 shares. The stock had previously closed at $37.58.

FlexShares Global Upstream Natural Resources Index Fund Stock Performance

The company has a 50-day simple moving average of $39.80 and a two-hundred day simple moving average of $40.16. The firm has a market capitalization of $5.82 billion, a P/E ratio of 7.47 and a beta of 0.79.

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

A number of institutional investors have recently added to or reduced their stakes in GUNR. First Horizon Advisors Inc. boosted its holdings in shares of FlexShares Global Upstream Natural Resources Index Fund by 30.7% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,307 shares of the company’s stock valued at $52,000 after buying an additional 307 shares in the last quarter. Studio Investment Management LLC lifted its position in FlexShares Global Upstream Natural Resources Index Fund by 1.7% during the 3rd quarter. Studio Investment Management LLC now owns 27,048 shares of the company’s stock valued at $1,116,000 after acquiring an additional 463 shares during the period. L.M. Kohn & Company lifted its position in FlexShares Global Upstream Natural Resources Index Fund by 3.0% during the 3rd quarter. L.M. Kohn & Company now owns 23,409 shares of the company’s stock valued at $966,000 after acquiring an additional 675 shares during the period. Quent Capital LLC boosted its stake in FlexShares Global Upstream Natural Resources Index Fund by 182.5% during the third quarter. Quent Capital LLC now owns 1,243 shares of the company’s stock worth $51,000 after acquiring an additional 803 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV purchased a new stake in FlexShares Global Upstream Natural Resources Index Fund in the third quarter worth about $34,000.

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.