FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEARCA:NFRA) Stock Price Up 0.6% – Here’s Why

FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEARCA:NFRA)’s share price rose 0.6% during mid-day trading on Tuesday . The company traded as high as $56.81 and last traded at $56.80. Approximately 54,120 shares were traded during mid-day trading, a decline of 63% from the average daily volume of 146,491 shares. The stock had previously closed at $56.44.

FlexShares STOXX Global Broad Infrastructure Index Fund Stock Performance

The company’s fifty day moving average price is $55.23 and its 200 day moving average price is $57.02. The firm has a market capitalization of $2.37 billion, a price-to-earnings ratio of 20.96 and a beta of 0.64.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Flow Traders U.S. LLC boosted its stake in FlexShares STOXX Global Broad Infrastructure Index Fund by 272.8% during the 3rd quarter. Flow Traders U.S. LLC now owns 50,199 shares of the company’s stock valued at $2,983,000 after purchasing an additional 36,732 shares during the period. Dorsey & Whitney Trust CO LLC acquired a new position in FlexShares STOXX Global Broad Infrastructure Index Fund during the 4th quarter worth $1,786,000. Money Design Co. Ltd. grew its stake in shares of FlexShares STOXX Global Broad Infrastructure Index Fund by 44.9% in the fourth quarter. Money Design Co. Ltd. now owns 82,531 shares of the company’s stock worth $4,467,000 after purchasing an additional 25,558 shares in the last quarter. Grove Bank & Trust increased its holdings in shares of FlexShares STOXX Global Broad Infrastructure Index Fund by 105.4% during the fourth quarter. Grove Bank & Trust now owns 9,489 shares of the company’s stock valued at $515,000 after purchasing an additional 4,869 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in FlexShares STOXX Global Broad Infrastructure Index Fund by 16.0% in the fourth quarter. Bank of New York Mellon Corp now owns 24,493 shares of the company’s stock worth $1,328,000 after purchasing an additional 3,373 shares during the period.

FlexShares STOXX Global Broad Infrastructure Index Fund Company Profile

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.