FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEARCA:NFRA) Reaches New 52-Week High at $55.79

FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEARCA:NFRA)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $55.79 and last traded at $55.79, with a volume of 11831 shares traded. The stock had previously closed at $55.56.

FlexShares STOXX Global Broad Infrastructure Index Fund Stock Up 0.2 %

The stock has a market capitalization of $2.32 billion, a price-to-earnings ratio of 20.96 and a beta of 0.64. The company’s 50-day moving average is $54.01 and its 200-day moving average is $53.55.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Bessemer Group Inc. raised its stake in FlexShares STOXX Global Broad Infrastructure Index Fund by 318.4% during the first quarter. Bessemer Group Inc. now owns 8,836 shares of the company’s stock worth $482,000 after purchasing an additional 6,724 shares during the period. Studio Investment Management LLC lifted its position in FlexShares STOXX Global Broad Infrastructure Index Fund by 49.7% in the fourth quarter. Studio Investment Management LLC now owns 14,904 shares of the company’s stock worth $797,000 after purchasing an additional 4,945 shares during the period. UMB Bank n.a. boosted its stake in shares of FlexShares STOXX Global Broad Infrastructure Index Fund by 16.4% during the 1st quarter. UMB Bank n.a. now owns 16,675 shares of the company’s stock worth $910,000 after acquiring an additional 2,345 shares in the last quarter. Park National Corp OH boosted its position in FlexShares STOXX Global Broad Infrastructure Index Fund by 4.9% during the 1st quarter. Park National Corp OH now owns 21,143 shares of the company’s stock worth $1,154,000 after acquiring an additional 992 shares during the period. Finally, Steph & Co. grew its stake in shares of FlexShares STOXX Global Broad Infrastructure Index Fund by 49.8% in the 4th quarter. Steph & Co. now owns 58,115 shares of the company’s stock valued at $3,109,000 after buying an additional 19,330 shares in the last quarter.

FlexShares STOXX Global Broad Infrastructure Index Fund Company Profile

The FlexShares STOXX Global Broad Infrastructure Index Fund (NFRA) is an exchange-traded fund that is based on the STOXX Global Broad Infrastructure index, a market-cap-weighted index of global infrastructure companies from developed and emerging markets. NFRA was launched on Oct 8, 2013 and is managed by FlexShares.