SPDR S&P Global Infrastructure ETF (NYSEARCA:GII) Stock Passes Above 50 Day Moving Average – Here’s Why

SPDR S&P Global Infrastructure ETF (NYSEARCA:GII) shares passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $76.66 and traded as high as $78.00. SPDR S&P Global Infrastructure ETF shares last traded at $77.30, with a volume of 55,380 shares changing hands.

SPDR S&P Global Infrastructure ETF Trading Down 0.7%

The firm has a market cap of $985.58 million, a PE ratio of 20.11 and a beta of 0.64. The business has a fifty day moving average price of $76.66 and a 200 day moving average price of $73.16.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Eagle Bay Advisors LLC purchased a new position in shares of SPDR S&P Global Infrastructure ETF in the 4th quarter valued at about $31,000. Cornerstone Planning Group LLC purchased a new position in shares of SPDR S&P Global Infrastructure ETF in the 3rd quarter valued at about $37,000. Parallel Advisors LLC increased its holdings in shares of SPDR S&P Global Infrastructure ETF by 168.7% in the 4th quarter. Parallel Advisors LLC now owns 806 shares of the company’s stock valued at $56,000 after acquiring an additional 506 shares during the last quarter. Copia Wealth Management increased its holdings in shares of SPDR S&P Global Infrastructure ETF by 18.5% in the 4th quarter. Copia Wealth Management now owns 1,012 shares of the company’s stock valued at $71,000 after acquiring an additional 158 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in SPDR S&P Global Infrastructure ETF by 775.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 10,046 shares of the company’s stock worth $699,000 after buying an additional 8,898 shares during the last quarter.

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. The Index is a composite of the Macquarie Global Infrastructure Index (MGII), which is based on 255 stocks in the FTSE Global Equity Index Series.