FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEARCA:NFRA) Sees Unusually-High Trading Volume – Should You Buy?

Shares of FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEARCA:NFRA) saw unusually-strong trading volume on Thursday . 237,689 shares changed hands during mid-day trading, an increase of 212% from the previous session’s volume of 76,185 shares.The stock last traded at $65.1050 and had previously closed at $64.37.

FlexShares STOXX Global Broad Infrastructure Index Fund Stock Performance

The company has a market capitalization of $3.01 billion, a PE ratio of 18.12 and a beta of 0.67. The business’s 50-day moving average is $65.48 and its 200-day moving average is $63.97.

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

Several large investors have recently made changes to their positions in the business. CX Institutional grew its stake in shares of FlexShares STOXX Global Broad Infrastructure Index Fund by 6.7% in the 4th quarter. CX Institutional now owns 182,381 shares of the company’s stock worth $11,036,000 after buying an additional 11,391 shares during the last quarter. Park National Corp OH boosted its holdings in FlexShares STOXX Global Broad Infrastructure Index Fund by 6.4% in the fourth quarter. Park National Corp OH now owns 71,391 shares of the company’s stock worth $4,320,000 after acquiring an additional 4,288 shares in the last quarter. Steph & Co. grew its stake in shares of FlexShares STOXX Global Broad Infrastructure Index Fund by 8.5% in the first quarter. Steph & Co. now owns 63,688 shares of the company’s stock worth $4,073,000 after acquiring an additional 4,978 shares during the last quarter. Bessemer Group Inc. increased its holdings in shares of FlexShares STOXX Global Broad Infrastructure Index Fund by 56.6% during the first quarter. Bessemer Group Inc. now owns 46,432 shares of the company’s stock valued at $2,970,000 after acquiring an additional 16,775 shares in the last quarter. Finally, Dorsey & Whitney Trust CO LLC increased its holdings in shares of FlexShares STOXX Global Broad Infrastructure Index Fund by 10.0% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 36,227 shares of the company’s stock valued at $2,192,000 after acquiring an additional 3,294 shares in 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.