SPDR S&P Global Infrastructure ETF (NYSEARCA:GII) Reaches New 12-Month High – Still a Buy?

SPDR S&P Global Infrastructure ETF (NYSEARCA:GII) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $78.51 and last traded at $78.3020, with a volume of 87702 shares trading hands. The stock had previously closed at $77.76.

SPDR S&P Global Infrastructure ETF Stock Down 0.1%

The company has a 50 day simple moving average of $72.23 and a two-hundred day simple moving average of $70.62. The company has a market capitalization of $761.11 million, a P/E ratio of 20.11 and a beta of 0.73.

Institutional Trading of SPDR S&P Global Infrastructure ETF

A number of large investors have recently modified their holdings of GII. Eagle Bay Advisors LLC purchased a new stake in SPDR S&P Global Infrastructure ETF in the fourth quarter worth about $31,000. Cornerstone Planning Group LLC purchased a new position in SPDR S&P Global Infrastructure ETF in the third quarter worth $37,000. Advisors Preferred LLC acquired a new stake in shares of SPDR S&P Global Infrastructure ETF in the 2nd quarter worth $46,000. Parallel Advisors LLC grew its stake in SPDR S&P Global Infrastructure ETF by 168.7% during the 4th quarter. Parallel Advisors LLC now owns 806 shares of the company’s stock worth $56,000 after buying an additional 506 shares during the last quarter. Finally, Copia Wealth Management increased its holdings in shares of SPDR S&P Global Infrastructure ETF by 18.5% during the fourth quarter. Copia Wealth Management now owns 1,012 shares of the company’s stock valued at $71,000 after acquiring an additional 158 shares in 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.