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

FlexShares Global Upstream Natural Resources Index Fund (NYSEARCA:GUNR) shares saw unusually-strong trading volume on Friday . Approximately 736,247 shares were traded 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 Trading Up 1.2 %

The company has a 50 day simple moving average of $39.55 and a 200 day simple moving average of $40.08. The stock has a market cap of $5.73 billion, a P/E ratio of 7.47 and a beta of 0.79.

Hedge Funds Weigh In On FlexShares Global Upstream Natural Resources Index Fund

Hedge funds and other institutional investors have recently made changes to their positions in the company. First Horizon Advisors Inc. raised its holdings in shares of 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 purchasing an additional 307 shares during the period. Cambridge Investment Research Advisors Inc. raised its stake in FlexShares Global Upstream Natural Resources Index Fund by 4.8% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 33,719 shares of the company’s stock valued at $1,353,000 after buying an additional 1,543 shares during the period. Whittier Trust Co. lifted its position in shares of FlexShares Global Upstream Natural Resources Index Fund by 565.7% in the second quarter. Whittier Trust Co. now owns 11,524 shares of the company’s stock valued at $462,000 after buying an additional 9,793 shares during the last quarter. Stelac Advisory Services LLC acquired a new position in shares of FlexShares Global Upstream Natural Resources Index Fund during the 2nd quarter worth approximately $1,343,000. Finally, Connable Office Inc. increased its holdings in shares of FlexShares Global Upstream Natural Resources Index Fund by 0.6% during the 2nd quarter. Connable Office Inc. now owns 735,929 shares of the company’s stock worth $29,540,000 after acquiring an additional 4,503 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.