FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEARCA:NFRA) Reaches New 1-Year High – Here’s Why

FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEARCA:NFRA)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $66.77 and last traded at $66.42, with a volume of 7225 shares trading hands. The stock had previously closed at $66.70.

FlexShares STOXX Global Broad Infrastructure Index Fund Stock Performance

The company has a market capitalization of $3.17 billion, a P/E ratio of 18.12 and a beta of 0.75. The stock has a 50 day moving average price of $62.40 and a 200 day moving average price of $62.62.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Park National Corp OH raised its stake in FlexShares STOXX Global Broad Infrastructure Index Fund by 55.4% in the 3rd quarter. Park National Corp OH now owns 67,103 shares of the company’s stock valued at $4,222,000 after acquiring an additional 23,917 shares during the period. Bessemer Group Inc. increased its stake in shares of FlexShares STOXX Global Broad Infrastructure Index Fund by 1,147.1% in the third quarter. Bessemer Group Inc. now owns 25,778 shares of the company’s stock worth $1,622,000 after purchasing an additional 23,711 shares in the last quarter. Transcend Capital Advisors LLC bought a new stake in shares of FlexShares STOXX Global Broad Infrastructure Index Fund in the third quarter valued at approximately $868,000. Rossby Financial LCC purchased a new stake in shares of FlexShares STOXX Global Broad Infrastructure Index Fund during the 4th quarter valued at approximately $714,000. Finally, CX Institutional lifted its stake in shares of FlexShares STOXX Global Broad Infrastructure Index Fund by 6.7% during the 4th quarter. CX Institutional now owns 182,381 shares of the company’s stock valued at $11,036,000 after buying an additional 11,391 shares in the last quarter.

FlexShares STOXX Global Broad Infrastructure Index Fund Company Profile

The FlexShares STOXX Global Broad Infrastructure Index Fund (NFRA) is an exchange-traded fund that is based on the STOXX Global Broad Infrastructure index, a market-cap-weighted index of global infrastructure companies from developed and emerging markets. NFRA was launched on Oct 8, 2013 and is managed by FlexShares.