FlexShares Global Upstream Natural Resources Index Fund (NYSEARCA:GUNR) Sees Large Volume Increase – Here’s Why

FlexShares Global Upstream Natural Resources Index Fund (NYSEARCA:GUNR) shares saw unusually-high trading volume on Friday . Approximately 736,247 shares changed hands during mid-day trading, an increase of 6% from the previous session’s volume of 693,098 shares.The stock last traded at $36.07 and had previously closed at $35.90.

FlexShares Global Upstream Natural Resources Index Fund Price Performance

The stock has a 50-day moving average price of $39.44 and a 200-day moving average price of $40.03. The company has a market capitalization of $5.71 billion, a P/E ratio of 7.47 and a beta of 0.79.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Studio Investment Management LLC lifted its stake in shares of FlexShares Global Upstream Natural Resources Index Fund by 1.7% in the 3rd quarter. Studio Investment Management LLC now owns 27,048 shares of the company’s stock valued at $1,116,000 after purchasing an additional 463 shares during the period. L.M. Kohn & Company lifted its stake in FlexShares Global Upstream Natural Resources Index Fund by 3.0% in the third quarter. L.M. Kohn & Company now owns 23,409 shares of the company’s stock valued at $966,000 after buying an additional 675 shares during the period. Quent Capital LLC boosted its holdings 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 buying an additional 803 shares in the last quarter. Massmutual Trust Co. FSB ADV acquired a new stake in shares of FlexShares Global Upstream Natural Resources Index Fund during the 3rd quarter worth approximately $34,000. Finally, BNP Paribas Financial Markets increased its stake 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 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.