SPDR S&P Global Infrastructure ETF (NYSEARCA:GII) Shares Cross Above 200-Day Moving Average – What’s Next?

Shares of SPDR S&P Global Infrastructure ETF (NYSEARCA:GII) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $58.67 and traded as high as $63.30. SPDR S&P Global Infrastructure ETF shares last traded at $63.19, with a volume of 40,753 shares changing hands.

SPDR S&P Global Infrastructure ETF Trading Up 0.1 %

The business’s fifty day moving average price is $61.84 and its 200 day moving average price is $58.70. The company has a market capitalization of $471.44 million, a P/E ratio of 20.94 and a beta of 0.67.

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

A number of hedge funds have recently modified their holdings of the stock. Flow Traders U.S. LLC boosted its stake in SPDR S&P Global Infrastructure ETF by 419.0% in the 3rd quarter. Flow Traders U.S. LLC now owns 68,924 shares of the company’s stock valued at $4,252,000 after buying an additional 55,643 shares in the last quarter. Northwest Bank & Trust Co bought a new position in shares of SPDR S&P Global Infrastructure ETF during the third quarter valued at $7,276,000. Lowe Wealth Advisors LLC boosted its stake in shares of SPDR S&P Global Infrastructure ETF by 666.8% in the 3rd quarter. Lowe Wealth Advisors LLC now owns 4,762 shares of the company’s stock valued at $294,000 after purchasing an additional 4,141 shares in the last quarter. Rathbones Group PLC grew its holdings in shares of SPDR S&P Global Infrastructure ETF by 2.1% in the 2nd quarter. Rathbones Group PLC now owns 44,831 shares of the company’s stock worth $2,450,000 after purchasing an additional 914 shares during the last quarter. Finally, Lynx Investment Advisory bought a new stake in shares of SPDR S&P Global Infrastructure ETF in the 2nd quarter worth about $31,000.

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.