FlexShares Global Upstream Natural Resources Index Fund (NYSEARCA:GUNR) Sets New 12-Month Low – Should You Sell?

FlexShares Global Upstream Natural Resources Index Fund (NYSEARCA:GUNR) hit a new 52-week low on Friday . The company traded as low as $35.44 and last traded at $35.26, with a volume of 173790 shares. The stock had previously closed at $37.78.

FlexShares Global Upstream Natural Resources Index Fund Trading Down 7.2 %

The stock has a market cap of $4.45 billion, a price-to-earnings ratio of 15.37 and a beta of 0.79. The company has a 50 day simple moving average of $38.39 and a 200-day simple moving average of $38.90.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets boosted its holdings in shares of FlexShares Global Upstream Natural Resources Index Fund by 54,700.0% during the 3rd 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 increased its holdings in 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 valued at $56,000 after buying an additional 1,408 shares during the period. OLD Second National Bank of Aurora acquired a new position in shares of FlexShares Global Upstream Natural Resources Index Fund in the 4th quarter valued at approximately $163,000. Jones Financial Companies Lllp lifted its holdings in shares of 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 worth $179,000 after acquiring an additional 492 shares during the period. Finally, Essex Savings Bank acquired a new stake in shares of FlexShares Global Upstream Natural Resources Index Fund during the 4th quarter worth approximately $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.