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

SPDR S&P Global Infrastructure ETF (NYSEARCA:GII)’s stock price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $60.83 and traded as high as $61.66. SPDR S&P Global Infrastructure ETF shares last traded at $61.44, with a volume of 12,181 shares.

SPDR S&P Global Infrastructure ETF Price Performance

The firm has a fifty day moving average of $60.83 and a two-hundred day moving average of $59.82. The stock has a market capitalization of $457.73 million, a P/E ratio of 20.94 and a beta of 0.67.

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

Institutional investors have recently added to or reduced their stakes in the stock. Lowe Wealth Advisors LLC grew its holdings in SPDR S&P Global Infrastructure ETF by 666.8% in the third quarter. Lowe Wealth Advisors LLC now owns 4,762 shares of the company’s stock worth $294,000 after purchasing an additional 4,141 shares during the last quarter. Northwest Bank & Trust Co purchased a new position in shares of SPDR S&P Global Infrastructure ETF in the 3rd quarter valued at approximately $7,276,000. Flow Traders U.S. LLC boosted its stake 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 worth $4,252,000 after purchasing an additional 55,643 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in SPDR S&P Global Infrastructure ETF by 193.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,111 shares of the company’s stock worth $69,000 after purchasing an additional 732 shares during the last quarter.

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.