SPDR S&P Global Infrastructure ETF (NYSEARCA:GII) Shares Up 1.1% – Time to Buy?

SPDR S&P Global Infrastructure ETF (NYSEARCA:GII)’s share price traded up 1.1% during trading on Friday . The company traded as high as $61.33 and last traded at $61.31. 47,580 shares were traded during trading, an increase of 48% from the average session volume of 32,048 shares. The stock had previously closed at $60.67.

SPDR S&P Global Infrastructure ETF Trading Up 1.1 %

The stock’s 50-day moving average is $61.42 and its 200-day moving average is $58.24. The firm has a market capitalization of $456.76 million, a price-to-earnings ratio of 20.94 and a beta of 0.67.

Hedge Funds Weigh In On SPDR S&P Global Infrastructure ETF

A number of institutional investors and hedge funds have recently made changes to their positions in GII. Northwest Bank & Trust Co purchased a new position in SPDR S&P Global Infrastructure ETF during the third quarter valued at approximately $7,276,000. Lowe Wealth Advisors LLC increased its stake in shares of SPDR S&P Global Infrastructure ETF by 666.8% in the third quarter. Lowe Wealth Advisors LLC now owns 4,762 shares of the company’s stock worth $294,000 after buying an additional 4,141 shares during the period. Rathbones Group PLC raised its position in SPDR S&P Global Infrastructure ETF by 2.1% during the 2nd quarter. Rathbones Group PLC now owns 44,831 shares of the company’s stock valued at $2,450,000 after purchasing an additional 914 shares during the last quarter. Lynx Investment Advisory purchased a new position in shares of SPDR S&P Global Infrastructure ETF in the 2nd quarter valued at approximately $31,000. Finally, Flow Traders U.S. LLC raised its stake in SPDR S&P Global Infrastructure ETF by 419.0% during the third quarter. Flow Traders U.S. LLC now owns 68,924 shares of the company’s stock valued at $4,252,000 after buying an additional 55,643 shares during the last quarter.

About SPDR S&P Global Infrastructure ETF

SPDR S&P Global Infrastructure ETF (the Fund), formerly SPDR FTSE/Macquarie Global Infrastructure 100 ETF, seeks to replicate as closely as possible the total return performance of the Macquarie Global Infrastructure 100 Index (the Index). The Index, calculated by FTSE, is designed to reflect the stock performance of companies within the infrastructure industry, principally those engaged in management, ownership and operation of infrastructure and utility assets.