SPDR S&P Global Infrastructure ETF (NYSEARCA:GII) Shares Pass Above Fifty Day Moving Average – Here’s Why

SPDR S&P Global Infrastructure ETF (NYSEARCA:GII) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $60.89 and traded as high as $61.28. SPDR S&P Global Infrastructure ETF shares last traded at $60.49, with a volume of 28,049 shares.

SPDR S&P Global Infrastructure ETF Stock Performance

The stock has a market cap of $450.65 million, a PE ratio of 20.94 and a beta of 0.67. The company’s 50-day moving average price is $60.89 and its 200 day moving average price is $60.10.

Institutional Trading of SPDR S&P Global Infrastructure ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. boosted its position 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 worth $69,000 after buying an additional 732 shares during the period. Lowe Wealth Advisors LLC boosted its holdings in SPDR S&P Global Infrastructure ETF by 666.8% during the 3rd quarter. Lowe Wealth Advisors LLC now owns 4,762 shares of the company’s stock valued at $294,000 after acquiring an additional 4,141 shares during the period. Flow Traders U.S. LLC grew its position in 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 valued at $4,252,000 after acquiring an additional 55,643 shares in the last quarter. Finally, Northwest Bank & Trust Co purchased a new stake in SPDR S&P Global Infrastructure ETF during the third quarter worth about $7,276,000.

SPDR S&P Global Infrastructure ETF Company Profile

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.