FlexShares Global Upstream Natural Resources Index Fund (NYSEARCA:GUNR) Stock Price Down 0.6% – Should You Sell?

Shares of FlexShares Global Upstream Natural Resources Index Fund (NYSEARCA:GUNR) dropped 0.6% during trading on Wednesday . The company traded as low as $40.29 and last traded at $40.50. Approximately 340,005 shares were traded during trading, a decline of 50% from the average daily volume of 681,989 shares. The stock had previously closed at $40.75.

FlexShares Global Upstream Natural Resources Index Fund Trading Down 0.6 %

The company has a market capitalization of $6.39 billion, a P/E ratio of 7.47 and a beta of 0.79. The company’s fifty day moving average is $40.46 and its 200 day moving average is $40.89.

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

Several institutional investors have recently made changes to their positions in the stock. Connable Office Inc. lifted its holdings in shares of FlexShares Global Upstream Natural Resources Index Fund by 0.6% in the second quarter. Connable Office Inc. now owns 735,929 shares of the company’s stock worth $29,540,000 after buying an additional 4,503 shares in the last quarter. Versant Capital Management Inc lifted its stake in FlexShares Global Upstream Natural Resources Index Fund by 3.9% in the 3rd quarter. Versant Capital Management Inc now owns 511,715 shares of the company’s stock worth $21,108,000 after purchasing an additional 19,067 shares in the last quarter. Horizon Bancorp Inc. IN lifted its stake in FlexShares Global Upstream Natural Resources Index Fund by 53.1% in the 2nd quarter. Horizon Bancorp Inc. IN now owns 347,813 shares of the company’s stock worth $13,961,000 after purchasing an additional 120,614 shares in the last quarter. Arkansas Financial Group Inc. boosted its holdings in FlexShares Global Upstream Natural Resources Index Fund by 2.0% in the 3rd quarter. Arkansas Financial Group Inc. now owns 227,048 shares of the company’s stock valued at $9,366,000 after purchasing an additional 4,520 shares during the period. Finally, IAG Wealth Partners LLC grew its position in shares of FlexShares Global Upstream Natural Resources Index Fund by 21.1% during the 2nd quarter. IAG Wealth Partners LLC now owns 149,913 shares of the company’s stock valued at $6,018,000 after purchasing an additional 26,153 shares in 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.