SPDR S&P Global Infrastructure ETF (NYSEARCA:GII) Stock Price Up 1.1% – Here’s Why

SPDR S&P Global Infrastructure ETF (NYSEARCA:GII) shares were up 1.1% during trading on Friday . The stock traded as high as $61.33 and last traded at $61.31. Approximately 47,580 shares changed hands during mid-day trading, an increase of 48% from the average daily volume of 32,048 shares. The stock had previously closed at $60.67.

SPDR S&P Global Infrastructure ETF Price Performance

The stock’s fifty day simple moving average is $61.42 and its two-hundred day simple moving average is $58.24. The company has a market capitalization of $456.76 million, a price-to-earnings ratio of 20.94 and a beta of 0.67.

Institutional Investors Weigh In On SPDR S&P Global Infrastructure ETF

Several hedge funds and other institutional investors have recently bought and sold shares of GII. Lynx Investment Advisory acquired a new stake in shares of SPDR S&P Global Infrastructure ETF in the second quarter worth $31,000. Lowe Wealth Advisors LLC bought a new stake in shares of SPDR S&P Global Infrastructure ETF during the second quarter worth approximately $34,000. Rathbones Group PLC grew its holdings in SPDR S&P Global Infrastructure ETF by 2.1% during the second quarter. Rathbones Group PLC now owns 44,831 shares of the company’s stock valued at $2,450,000 after purchasing an additional 914 shares during the period. Flow Traders U.S. LLC boosted its holdings in shares of SPDR S&P Global Infrastructure ETF by 419.0% in the third quarter. Flow Traders U.S. LLC now owns 68,924 shares of the company’s stock valued at $4,252,000 after buying an additional 55,643 shares during the period. Finally, Northwest Bank & Trust Co bought a new stake in SPDR S&P Global Infrastructure ETF during the 3rd 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.