SPDR S&P Global Infrastructure ETF (NYSEARCA:GII) Stock Breaks Above Two Hundred Day Moving Average – What’s Next?

Shares of SPDR S&P Global Infrastructure ETF (NYSEARCA:GII) passed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $75.02 and traded as high as $75.86. SPDR S&P Global Infrastructure ETF shares last traded at $75.76, with a volume of 13,267 shares trading hands.

SPDR S&P Global Infrastructure ETF Stock Performance

The firm’s 50 day simple moving average is $72.58 and its 200-day simple moving average is $75.02. The company has a market cap of $977.30 million, a price-to-earnings ratio of 20.11 and a beta of 0.61.

Hedge Funds Weigh In On SPDR S&P Global Infrastructure ETF

A hedge fund recently bought a new stake in SPDR S&P Global Infrastructure ETF stock. Harbour Investments Inc. acquired a new stake in SPDR S&P Global Infrastructure ETF (NYSEARCA:GII) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,338 shares of the company’s stock, valued at approximately $94,000.

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. 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.