SPDR S&P Global Infrastructure ETF (NYSEARCA:GII) Sets New 12-Month High – Time to Buy?

SPDR S&P Global Infrastructure ETF (NYSEARCA:GII)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $74.28 and last traded at $74.03, with a volume of 1069 shares changing hands. The stock had previously closed at $73.74.

SPDR S&P Global Infrastructure ETF Trading Up 1.2%

The stock’s 50 day moving average is $70.99 and its 200-day moving average is $69.93. The company has a market cap of $732.45 million, a P/E ratio of 20.11 and a beta of 0.73.

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

Several large investors have recently added to or reduced their stakes in the company. TOWER TRUST & INVESTMENT Co increased its stake in SPDR S&P Global Infrastructure ETF by 53.6% in the 4th quarter. TOWER TRUST & INVESTMENT Co now owns 189,670 shares of the company’s stock worth $13,233,000 after buying an additional 66,182 shares during the period. Marshall Wace LLP purchased a new stake in SPDR S&P Global Infrastructure ETF in the second quarter valued at about $1,089,000. Farther Finance Advisors LLC grew its stake in shares of SPDR S&P Global Infrastructure ETF by 5,749.0% during the fourth quarter. Farther Finance Advisors LLC now owns 11,230 shares of the company’s stock worth $784,000 after acquiring an additional 11,038 shares during the last quarter. Lowe Wealth Advisors LLC raised its stake in SPDR S&P Global Infrastructure ETF by 36.1% in the 3rd quarter. Lowe Wealth Advisors LLC now owns 38,266 shares of the company’s stock worth $2,663,000 after acquiring an additional 10,154 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in SPDR S&P Global Infrastructure ETF by 775.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 10,046 shares of the company’s stock worth $699,000 after buying an additional 8,898 shares during the last quarter.

SPDR S&P Global Infrastructure ETF Company Profile

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. The Index is a composite of the Macquarie Global Infrastructure Index (MGII), which is based on 255 stocks in the FTSE Global Equity Index Series.