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 on Tuesday . The stock traded as high as $75.53 and last traded at $75.50, with a volume of 55787 shares. The stock had previously closed at $74.74.

SPDR S&P Global Infrastructure ETF Stock Performance

The company has a market cap of $739.90 million, a PE ratio of 20.11 and a beta of 0.73. The stock’s 50-day simple moving average is $71.07 and its 200 day simple moving average is $70.02.

Institutional Investors Weigh In On SPDR S&P Global Infrastructure ETF

Several institutional investors have recently made changes to their positions in the stock. Copia Wealth Management increased its holdings in shares of SPDR S&P Global Infrastructure ETF by 18.5% in the 4th quarter. Copia Wealth Management now owns 1,012 shares of the company’s stock valued at $71,000 after purchasing an additional 158 shares in the last quarter. Eagle Bay Advisors LLC acquired a new stake in shares of SPDR S&P Global Infrastructure ETF in the 4th quarter worth approximately $31,000. Cornerstone Planning Group LLC purchased a new position in SPDR S&P Global Infrastructure ETF in the 3rd quarter valued at approximately $37,000. Advisors Preferred LLC acquired a new position in SPDR S&P Global Infrastructure ETF during the second quarter worth $46,000. Finally, TOWER TRUST & INVESTMENT Co increased its position in shares of SPDR S&P Global Infrastructure ETF by 0.7% in the third quarter. TOWER TRUST & INVESTMENT Co now owns 123,488 shares of the company’s stock valued at $8,593,000 after buying an additional 892 shares in 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. 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.