FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEARCA:NFRA) Trading 0.3% Higher – Here’s Why

FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEARCA:NFRA)’s share price rose 0.3% during trading on Wednesday . The stock traded as high as $58.09 and last traded at $58.01. Approximately 35,050 shares traded hands during mid-day trading, a decline of 57% from the average daily volume of 81,420 shares. The stock had previously closed at $57.81.

FlexShares STOXX Global Broad Infrastructure Index Fund Trading Up 0.3 %

The firm has a market cap of $2.44 billion, a PE ratio of 18.03 and a beta of 0.80. The company has a 50-day simple moving average of $56.67 and a 200 day simple moving average of $57.03.

Institutional Investors Weigh In On FlexShares STOXX Global Broad Infrastructure Index Fund

Hedge funds have recently modified their holdings of the company. Dorsey & Whitney Trust CO LLC acquired a new stake in FlexShares STOXX Global Broad Infrastructure Index Fund in the 4th quarter valued at $1,786,000. Money Design Co. Ltd. grew its position in shares of FlexShares STOXX Global Broad Infrastructure Index Fund by 44.9% in the fourth quarter. Money Design Co. Ltd. now owns 82,531 shares of the company’s stock valued at $4,467,000 after purchasing an additional 25,558 shares during the period. Grove Bank & Trust grew its position in shares of FlexShares STOXX Global Broad Infrastructure Index Fund by 105.4% in the fourth quarter. Grove Bank & Trust now owns 9,489 shares of the company’s stock valued at $515,000 after purchasing an additional 4,869 shares during the period. Bank of New York Mellon Corp increased its stake in shares of FlexShares STOXX Global Broad Infrastructure Index Fund by 16.0% during the fourth quarter. Bank of New York Mellon Corp now owns 24,493 shares of the company’s stock worth $1,328,000 after purchasing an additional 3,373 shares in the last quarter. Finally, Park National Corp OH raised its position in shares of FlexShares STOXX Global Broad Infrastructure Index Fund by 8.8% during the 1st quarter. Park National Corp OH now owns 29,519 shares of the company’s stock worth $1,701,000 after purchasing an additional 2,400 shares during 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.