FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEARCA:NFRA) Shares Down 0.5% – Should You Sell?

FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEARCA:NFRA) shares were down 0.5% during mid-day trading on Thursday . The stock traded as low as $59.18 and last traded at $59.29. Approximately 36,385 shares were traded during trading, a decline of 53% from the average daily volume of 76,901 shares. The stock had previously closed at $59.58.

FlexShares STOXX Global Broad Infrastructure Index Fund Stock Up 0.2 %

The firm has a fifty day moving average of $58.32 and a 200-day moving average of $55.44. The firm has a market cap of $2.48 billion, a P/E ratio of 20.96 and a beta of 0.64.

Hedge Funds Weigh In On FlexShares STOXX Global Broad Infrastructure Index Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NFRA. Massmutual Trust Co. FSB ADV bought a new position in shares of FlexShares STOXX Global Broad Infrastructure Index Fund in the 3rd quarter valued at about $38,000. Whittier Trust Co. bought a new stake in FlexShares STOXX Global Broad Infrastructure Index Fund in the second quarter valued at approximately $120,000. First PREMIER Bank acquired a new stake in shares of FlexShares STOXX Global Broad Infrastructure Index Fund in the third quarter valued at approximately $218,000. Grove Bank & Trust boosted its stake in shares of FlexShares STOXX Global Broad Infrastructure Index Fund by 1,376.0% during the 3rd quarter. Grove Bank & Trust now owns 4,620 shares of the company’s stock worth $275,000 after acquiring an additional 4,307 shares during the period. Finally, Bessemer Group Inc. increased its holdings in shares of FlexShares STOXX Global Broad Infrastructure Index Fund by 318.4% during the 1st quarter. Bessemer Group Inc. now owns 8,836 shares of the company’s stock worth $482,000 after acquiring an additional 6,724 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.