FlexShares Global Upstream Natural Resources Index Fund (NYSEARCA:GUNR) Sees Strong Trading Volume – Time to Buy?

FlexShares Global Upstream Natural Resources Index Fund (NYSEARCA:GUNR) saw an uptick in trading volume on Monday . 652,139 shares traded hands during mid-day trading, a decline of 5% from the previous session’s volume of 683,246 shares.The stock last traded at $39.17 and had previously closed at $39.54.

FlexShares Global Upstream Natural Resources Index Fund Stock Performance

The company’s 50-day simple moving average is $40.26 and its 200 day simple moving average is $40.39. The company has a market cap of $6.26 billion, a PE ratio of 7.47 and a beta of 0.79.

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

Hedge funds and other institutional investors have recently modified their holdings of the company. Massmutual Trust Co. FSB ADV acquired a new stake in FlexShares Global Upstream Natural Resources Index Fund in the third quarter valued at $34,000. BNP Paribas Financial Markets increased its holdings in shares of FlexShares Global Upstream Natural Resources Index Fund by 54,700.0% in the 3rd 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 last quarter. Quent Capital LLC raised its position in shares of FlexShares Global Upstream Natural Resources Index Fund by 182.5% during the 3rd 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. First Horizon Advisors Inc. lifted its stake in FlexShares Global Upstream Natural Resources Index Fund by 30.7% during the second quarter. First Horizon Advisors Inc. now owns 1,307 shares of the company’s stock worth $52,000 after purchasing an additional 307 shares during the last quarter. Finally, Captrust Financial Advisors lifted its stake in FlexShares Global Upstream Natural Resources Index Fund by 55.1% during the third quarter. Captrust Financial Advisors now owns 10,296 shares of the company’s stock worth $425,000 after purchasing an additional 3,656 shares during the last quarter.

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.