FlexShares Global Upstream Natural Resources Index Fund (NYSEARCA:GUNR) Shares Pass Below Two Hundred Day Moving Average – Here’s Why

FlexShares Global Upstream Natural Resources Index Fund (NYSEARCA:GUNR) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $40.51 and traded as low as $39.26. FlexShares Global Upstream Natural Resources Index Fund shares last traded at $39.33, with a volume of 573,619 shares.

FlexShares Global Upstream Natural Resources Index Fund Stock Performance

The firm’s 50 day simple moving average is $40.35 and its 200-day simple moving average is $40.51. The company has a market capitalization of $6.21 billion, a price-to-earnings ratio of 7.47 and a beta of 0.79.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Versant Capital Management Inc grew its stake in FlexShares Global Upstream Natural Resources Index Fund by 8.5% during the 2nd quarter. Versant Capital Management Inc now owns 492,648 shares of the company’s stock valued at $19,775,000 after acquiring an additional 38,495 shares in the last quarter. S. R. Schill & Associates boosted its holdings in shares of FlexShares Global Upstream Natural Resources Index Fund by 2.7% during the second quarter. S. R. Schill & Associates now owns 111,935 shares of the company’s stock worth $4,493,000 after purchasing an additional 2,943 shares during the period. IAG Wealth Partners LLC grew its position in FlexShares Global Upstream Natural Resources Index Fund by 21.1% during the second 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. First Horizon Advisors Inc. increased its stake in FlexShares Global Upstream Natural Resources Index Fund by 30.7% in 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 during the period. Finally, Horizon Bancorp Inc. IN lifted its position 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 buying an additional 120,614 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.