FlexShares Global Upstream Natural Resources Index Fund (NYSEARCA:GUNR) Stock Cross Below Two Hundred Day Moving Average – Time to Sell?

FlexShares Global Upstream Natural Resources Index Fund (NYSEARCA:GUNR) shares 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 traded.

FlexShares Global Upstream Natural Resources Index Fund Price Performance

The business’s 50-day moving average price is $40.31 and its two-hundred day moving average price is $40.50. The company has a market capitalization of $6.24 billion, a P/E ratio of 7.47 and a beta of 0.79.

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

Large investors have recently modified their holdings of the business. LRI Investments LLC acquired a new position in shares of FlexShares Global Upstream Natural Resources Index Fund in the 3rd quarter valued at approximately $727,000. L.M. Kohn & Company boosted its holdings in shares of 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. Flow Traders U.S. LLC increased its position in shares of FlexShares Global Upstream Natural Resources Index Fund by 436.1% during the third quarter. Flow Traders U.S. LLC now owns 291,698 shares of the company’s stock worth $12,033,000 after acquiring an additional 237,285 shares in the last quarter. Captrust Financial Advisors raised its holdings in shares of FlexShares Global Upstream Natural Resources Index Fund by 55.1% during the third quarter. Captrust Financial Advisors now owns 10,296 shares of the company’s stock worth $425,000 after acquiring an additional 3,656 shares during the period. Finally, BNP Paribas Financial Markets raised 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 purchasing an additional 1,094 shares during the period.

About FlexShares Global Upstream Natural Resources Index Fund

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.