FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEARCA:NFRA) Sees Strong Trading Volume – Here’s Why

FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEARCA:NFRA) shares saw an uptick in trading volume on Wednesday . 139,715 shares traded hands during trading, an increase of 58% from the previous session’s volume of 88,706 shares.The stock last traded at $54.23 and had previously closed at $54.55.

FlexShares STOXX Global Broad Infrastructure Index Fund Price Performance

The stock’s 50 day moving average is $56.73 and its two-hundred day moving average is $56.84. The firm has a market capitalization of $2.27 billion, a P/E ratio of 20.96 and a beta of 0.64.

Institutional Trading of FlexShares STOXX Global Broad Infrastructure Index Fund

A number of hedge funds have recently modified their holdings of the company. Flow Traders U.S. LLC lifted its holdings in FlexShares STOXX Global Broad Infrastructure Index Fund by 272.8% during the third quarter. Flow Traders U.S. LLC now owns 50,199 shares of the company’s stock worth $2,983,000 after acquiring an additional 36,732 shares in the last quarter. Park National Corp OH increased its stake in FlexShares STOXX Global Broad Infrastructure Index Fund by 28.5% during the 3rd quarter. Park National Corp OH now owns 27,131 shares of the company’s stock worth $1,612,000 after purchasing an additional 6,021 shares in the last quarter. Grove Bank & Trust raised its holdings in 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 buying an additional 4,307 shares during the period. First PREMIER Bank acquired a new stake in FlexShares STOXX Global Broad Infrastructure Index Fund during the 3rd quarter worth approximately $218,000. Finally, Studio Investment Management LLC boosted its holdings in shares of FlexShares STOXX Global Broad Infrastructure Index Fund by 15.2% in the second quarter. Studio Investment Management LLC now owns 20,191 shares of the company’s stock valued at $1,074,000 after buying an additional 2,667 shares during the period.

About FlexShares STOXX Global Broad Infrastructure Index Fund

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.