FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEARCA:NFRA) Stock Price Up 0.3% – Still a Buy?

FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEARCA:NFRA)’s stock price shot up 0.3% during mid-day trading on Wednesday . The company traded as high as $58.09 and last traded at $58.01. 35,050 shares were traded during mid-day trading, a decline of 57% from the average session volume of 81,420 shares. The stock had previously closed at $57.81.

FlexShares STOXX Global Broad Infrastructure Index Fund Stock Up 0.3 %

The company has a 50-day moving average of $56.67 and a 200 day moving average of $57.03. The stock has a market capitalization of $2.44 billion, a PE ratio of 18.03 and a beta of 0.80.

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

Institutional investors and hedge funds have recently bought and sold shares of the business. Grove Bank & Trust raised its holdings in FlexShares STOXX Global Broad Infrastructure Index Fund by 105.4% in the 4th quarter. Grove Bank & Trust now owns 9,489 shares of the company’s stock valued at $515,000 after acquiring an additional 4,869 shares during the last quarter. Missouri Trust & Investment Co increased its holdings in shares of FlexShares STOXX Global Broad Infrastructure Index Fund by 4.4% in the fourth quarter. Missouri Trust & Investment Co now owns 44,368 shares of the company’s stock valued at $2,406,000 after purchasing an additional 1,883 shares during the last quarter. Avior Wealth Management LLC purchased a new position in FlexShares STOXX Global Broad Infrastructure Index Fund during the fourth quarter worth approximately $66,000. Money Design Co. Ltd. boosted its stake in FlexShares STOXX Global Broad Infrastructure Index Fund by 44.9% during the fourth quarter. Money Design Co. Ltd. now owns 82,531 shares of the company’s stock worth $4,467,000 after buying an additional 25,558 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in FlexShares STOXX Global Broad Infrastructure Index Fund in the 4th quarter valued at $26,000.

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.