SPDR S&P Global Infrastructure ETF (NYSEARCA:GII) Shares Cross Above 50 Day Moving Average – Here’s What Happened

SPDR S&P Global Infrastructure ETF (NYSEARCA:GII) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $60.83 and traded as high as $61.66. SPDR S&P Global Infrastructure ETF shares last traded at $61.44, with a volume of 12,181 shares.

SPDR S&P Global Infrastructure ETF Price Performance

The company’s 50-day simple moving average is $60.83 and its 200-day simple moving average is $59.82. The company has a market cap of $457.73 million, a price-to-earnings ratio of 20.94 and a beta of 0.67.

Institutional Trading of SPDR S&P Global Infrastructure ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Northwest Bank & Trust Co bought a new position in SPDR S&P Global Infrastructure ETF in the 3rd quarter valued at about $7,276,000. Flow Traders U.S. LLC lifted its stake in shares of 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 worth $4,252,000 after acquiring an additional 55,643 shares during the period. Lowe Wealth Advisors LLC boosted its holdings in shares of SPDR S&P Global Infrastructure ETF by 31.4% in the fourth quarter. Lowe Wealth Advisors LLC now owns 6,255 shares of the company’s stock valued at $370,000 after acquiring an additional 1,493 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of SPDR S&P Global Infrastructure ETF by 193.1% during the third quarter. JPMorgan Chase & Co. now owns 1,111 shares of the company’s stock valued at $69,000 after acquiring an additional 732 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.