SPDR S&P Global Infrastructure ETF (NYSEARCA:GII) Stock Crosses Above Fifty Day Moving Average – Here’s What Happened

SPDR S&P Global Infrastructure ETF (NYSEARCA:GII)’s stock price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $73.38 and traded as high as $77.18. SPDR S&P Global Infrastructure ETF shares last traded at $76.87, with a volume of 46,342 shares traded.

SPDR S&P Global Infrastructure ETF Stock Down 1.5%

The stock’s 50-day moving average price is $73.65 and its 200-day moving average price is $71.15. The company has a market capitalization of $748.33 million, a price-to-earnings ratio of 20.11 and a beta of 0.73.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of GII. Parallel Advisors LLC increased its stake in shares of SPDR S&P Global Infrastructure ETF by 168.7% in the 4th quarter. Parallel Advisors LLC now owns 806 shares of the company’s stock valued at $56,000 after buying an additional 506 shares during the period. Copia Wealth Management lifted its position in SPDR S&P Global Infrastructure ETF by 18.5% during 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 during the period. Farther Finance Advisors LLC lifted its position in SPDR S&P Global Infrastructure ETF by 5,749.0% during the 4th quarter. Farther Finance Advisors LLC now owns 11,230 shares of the company’s stock valued at $784,000 after purchasing an additional 11,038 shares during the period. Eagle Bay Advisors LLC bought a new position in shares of SPDR S&P Global Infrastructure ETF in the 4th quarter valued at about $31,000. Finally, TOWER TRUST & INVESTMENT Co grew its position in shares of SPDR S&P Global Infrastructure ETF by 53.6% during 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.

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.