SPDR S&P Global Infrastructure ETF (NYSEARCA:GII) Share Price Crosses Above Fifty Day Moving Average – What’s Next?

SPDR S&P Global Infrastructure ETF (NYSEARCA:GII) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $60.37 and traded as high as $61.91. SPDR S&P Global Infrastructure ETF shares last traded at $61.38, with a volume of 44,348 shares.

SPDR S&P Global Infrastructure ETF Trading Down 0.4 %

The company has a market cap of $457.28 million, a P/E ratio of 20.94 and a beta of 0.67. The business’s 50 day simple moving average is $60.35 and its 200 day simple moving average is $60.53.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of GII. Whittier Trust Co. boosted its stake in SPDR S&P Global Infrastructure ETF by 716.5% during the fourth quarter. Whittier Trust Co. now owns 939 shares of the company’s stock worth $56,000 after buying an additional 824 shares during the period. JPMorgan Chase & Co. boosted its stake in SPDR S&P Global Infrastructure ETF by 193.1% during the third quarter. JPMorgan Chase & Co. now owns 1,111 shares of the company’s stock worth $69,000 after buying an additional 732 shares during the period. Lowe Wealth Advisors LLC boosted its stake in SPDR S&P Global Infrastructure ETF by 31.4% during the fourth quarter. Lowe Wealth Advisors LLC now owns 6,255 shares of the company’s stock worth $370,000 after buying an additional 1,493 shares during the period. Finally, Flow Traders U.S. LLC boosted 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 worth $4,252,000 after buying an additional 55,643 shares during the period.

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.