FlexShares Morningstar Global Upstream Natural Resources Index Fund (NYSEARCA:GUNR) Reaches New 1-Year High – Still a Buy?

FlexShares Morningstar Global Upstream Natural Resources Index Fund (NYSEARCA:GUNR) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $57.09 and last traded at $57.08, with a volume of 276126 shares changing hands. The stock had previously closed at $56.52.

FlexShares Morningstar Global Upstream Natural Resources Index Fund Price Performance

The stock has a market capitalization of $7.89 billion, a PE ratio of 16.05 and a beta of 0.56. The company has a 50 day moving average price of $52.74 and a 200-day moving average price of $53.55.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Trust Co. of Vermont purchased a new stake in shares of FlexShares Morningstar Global Upstream Natural Resources Index Fund in the 2nd quarter worth about $65,000. Valeo Financial Advisors LLC purchased a new position in shares of FlexShares Morningstar Global Upstream Natural Resources Index Fund during the second quarter valued at about $2,012,000. CoreCap Advisors LLC increased its position in shares of FlexShares Morningstar Global Upstream Natural Resources Index Fund by 1.7% during the second quarter. CoreCap Advisors LLC now owns 177,387 shares of the company’s stock valued at $8,742,000 after buying an additional 2,921 shares during the period. Versant Capital Management Inc raised its stake in FlexShares Morningstar Global Upstream Natural Resources Index Fund by 5.1% in the second quarter. Versant Capital Management Inc now owns 883,841 shares of the company’s stock worth $43,556,000 after buying an additional 43,198 shares in the last quarter. Finally, Farmers National Bank raised its stake in FlexShares Morningstar Global Upstream Natural Resources Index Fund by 0.7% in the first quarter. Farmers National Bank now owns 280,230 shares of the company’s stock worth $15,457,000 after buying an additional 1,865 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.