SPDR S&P Global Infrastructure ETF (NYSEARCA:GII) Hits New 1-Year High – Here’s What Happened

SPDR S&P Global Infrastructure ETF (NYSEARCA:GII) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $63.45 and last traded at $62.97, with a volume of 21075 shares. The stock had previously closed at $62.84.

SPDR S&P Global Infrastructure ETF Price Performance

The firm’s fifty day moving average price is $60.99 and its 200-day moving average price is $61.14. The company has a market cap of $474.71 million, a price-to-earnings ratio of 19.62 and a beta of 0.72.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in GII. Northwest Bank & Trust Co lifted its stake in shares of SPDR S&P Global Infrastructure ETF by 0.9% in the 4th quarter. Northwest Bank & Trust Co now owns 119,080 shares of the company’s stock worth $7,535,000 after acquiring an additional 1,114 shares during the period. Lowe Wealth Advisors LLC lifted its position in SPDR S&P Global Infrastructure ETF by 31.4% in the fourth quarter. Lowe Wealth Advisors LLC now owns 6,255 shares of the company’s stock worth $370,000 after purchasing an additional 1,493 shares during the period. JPMorgan Chase & Co. boosted its stake in SPDR S&P Global Infrastructure ETF by 193.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,111 shares of the company’s stock valued at $69,000 after purchasing an additional 732 shares in the last quarter. Finally, Whittier Trust Co. increased its position in shares of SPDR S&P Global Infrastructure ETF by 716.5% during the 4th quarter. Whittier Trust Co. now owns 939 shares of the company’s stock valued at $56,000 after purchasing an additional 824 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.