FlexShares Global Upstream Natural Resources Index Fund (NYSEARCA:GUNR) Stock Cross Below 200 Day Moving Average – Here’s What Happened

Shares of FlexShares Global Upstream Natural Resources Index Fund (NYSEARCA:GUNR) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-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 company’s 50 day moving average is $40.35 and its 200 day moving average is $40.51. The stock has a market capitalization of $6.21 billion, a price-to-earnings ratio of 7.47 and a beta of 0.79.

Institutional Trading of FlexShares Global Upstream Natural Resources Index Fund

A number of hedge funds have recently modified their holdings of GUNR. Versant Capital Management Inc increased its position in shares of FlexShares Global Upstream Natural Resources Index Fund by 8.5% during the second quarter. Versant Capital Management Inc now owns 492,648 shares of the company’s stock valued at $19,775,000 after purchasing an additional 38,495 shares during the period. S. R. Schill & Associates boosted its stake in 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 buying an additional 2,943 shares in the last quarter. IAG Wealth Partners LLC grew its holdings in shares of 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 worth $6,018,000 after purchasing an additional 26,153 shares during the last quarter. First Horizon Advisors Inc. increased its stake in shares of FlexShares Global Upstream Natural Resources Index Fund by 30.7% in the second 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 in the last quarter. Finally, Horizon Bancorp Inc. IN raised its holdings in shares of FlexShares Global Upstream Natural Resources Index Fund by 53.1% in the second quarter. Horizon Bancorp Inc. IN now owns 347,813 shares of the company’s stock valued at $13,961,000 after buying an additional 120,614 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.