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

FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEARCA:NFRA) saw an uptick in trading volume on Tuesday . 121,913 shares were traded during mid-day trading, an increase of 62% from the previous session’s volume of 75,425 shares.The stock last traded at $57.45 and had previously closed at $57.60.

FlexShares STOXX Global Broad Infrastructure Index Fund Trading Up 0.1 %

The business’s 50-day moving average price is $58.56 and its 200-day moving average price is $56.23. The stock has a market cap of $2.41 billion, a PE ratio of 20.96 and a beta of 0.64.

Institutional Trading of FlexShares STOXX Global Broad Infrastructure Index Fund

Several hedge funds have recently added to or reduced their stakes in NFRA. Massmutual Trust Co. FSB ADV acquired a new stake in FlexShares STOXX Global Broad Infrastructure Index Fund during the third quarter worth about $38,000. Whittier Trust Co. acquired a new position in shares of FlexShares STOXX Global Broad Infrastructure Index Fund during the second quarter worth about $120,000. First PREMIER Bank acquired a new position in FlexShares STOXX Global Broad Infrastructure Index Fund during the third quarter worth approximately $218,000. Grove Bank & Trust boosted its holdings in FlexShares STOXX Global Broad Infrastructure Index Fund by 1,376.0% in the 3rd quarter. Grove Bank & Trust now owns 4,620 shares of the company’s stock valued at $275,000 after purchasing an additional 4,307 shares during the period. Finally, Bessemer Group Inc. lifted its stake in shares of FlexShares STOXX Global Broad Infrastructure Index Fund by 318.4% in the 1st quarter. Bessemer Group Inc. now owns 8,836 shares of the company’s stock valued at $482,000 after acquiring an additional 6,724 shares during the last quarter.

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.