SPDR S&P Global Infrastructure ETF (NYSEARCA:GII) Share Price Passes Below Fifty Day Moving Average – Here’s Why

SPDR S&P Global Infrastructure ETF (NYSEARCA:GII)’s stock price crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $60.62 and traded as low as $59.64. SPDR S&P Global Infrastructure ETF shares last traded at $59.77, with a volume of 9,762 shares changing hands.

SPDR S&P Global Infrastructure ETF Trading Up 2.4 %

The firm has a market cap of $492.66 million, a price-to-earnings ratio of 19.00 and a beta of 0.87. The business’s 50-day simple moving average is $60.64 and its two-hundred day simple moving average is $60.93.

Institutional Trading of SPDR S&P Global Infrastructure ETF

Large investors have recently modified their holdings of the stock. Northwest Bank & Trust Co grew its position in SPDR S&P Global Infrastructure ETF by 0.9% in the 4th quarter. Northwest Bank & Trust Co now owns 119,080 shares of the company’s stock valued at $7,535,000 after purchasing an additional 1,114 shares during the period. Whittier Trust Co. grew its position in SPDR S&P Global Infrastructure ETF by 716.5% in the 4th quarter. Whittier Trust Co. now owns 939 shares of the company’s stock valued at $56,000 after purchasing an additional 824 shares during the period. Lowe Wealth Advisors LLC grew its position in SPDR S&P Global Infrastructure ETF by 31.4% in the 4th quarter. Lowe Wealth Advisors LLC now owns 6,255 shares of the company’s stock valued at $370,000 after purchasing an additional 1,493 shares during the period. JPMorgan Chase & Co. grew its position in SPDR S&P Global Infrastructure ETF by 193.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,111 shares of the company’s stock valued at $69,000 after purchasing an additional 732 shares during the period. Finally, 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 purchasing an additional 55,643 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.