SPDR S&P Global Infrastructure ETF (NYSEARCA:GII) Sees Unusually-High Trading Volume – What’s Next?

Shares of SPDR S&P Global Infrastructure ETF (NYSEARCA:GII) saw unusually-strong trading volume on Friday . Approximately 66,586 shares changed hands during mid-day trading, a decline of 3% from the previous session’s volume of 68,649 shares.The stock last traded at $75.61 and had previously closed at $75.73.

SPDR S&P Global Infrastructure ETF Stock Down 0.1%

The company has a fifty day simple moving average of $76.36 and a 200 day simple moving average of $73.98. The firm has a market capitalization of $964.79 million, a P/E ratio of 20.11 and a beta of 0.64.

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

Several hedge funds have recently added to or reduced their stakes in the stock. Eagle Bay Advisors LLC purchased a new position in SPDR S&P Global Infrastructure ETF in the fourth quarter worth about $31,000. Cornerstone Planning Group LLC purchased a new position in SPDR S&P Global Infrastructure ETF in the third quarter worth about $37,000. Parallel Advisors LLC raised its holdings in SPDR S&P Global Infrastructure ETF by 168.7% in the fourth quarter. Parallel Advisors LLC now owns 806 shares of the company’s stock worth $56,000 after buying an additional 506 shares during the last quarter. Copia Wealth Management raised its holdings in SPDR S&P Global Infrastructure ETF by 18.5% in the fourth quarter. Copia Wealth Management now owns 1,012 shares of the company’s stock worth $71,000 after buying an additional 158 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in SPDR S&P Global Infrastructure ETF by 775.1% in the third 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.