SPDR S&P Global Infrastructure ETF (NYSEARCA:GII) Shares Cross Above Fifty Day Moving Average – What’s Next?

SPDR S&P Global Infrastructure ETF (NYSEARCA:GII)’s share price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $60.83 and traded as high as $61.66. SPDR S&P Global Infrastructure ETF shares last traded at $61.44, with a volume of 12,181 shares changing hands.

SPDR S&P Global Infrastructure ETF Trading Up 0.7 %

The company’s fifty day moving average is $60.83 and its two-hundred day moving average is $59.86. The stock has a market cap of $457.73 million, a price-to-earnings ratio of 20.94 and a beta of 0.67.

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

Several institutional investors have recently modified their holdings of the business. Lowe Wealth Advisors LLC grew its stake in shares of SPDR S&P Global Infrastructure ETF by 31.4% in the fourth quarter. Lowe Wealth Advisors LLC now owns 6,255 shares of the company’s stock worth $370,000 after acquiring an additional 1,493 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of SPDR S&P Global Infrastructure ETF by 193.1% in the third quarter. JPMorgan Chase & Co. now owns 1,111 shares of the company’s stock worth $69,000 after acquiring an additional 732 shares in the last quarter. Flow Traders U.S. LLC grew its stake in shares of SPDR S&P Global Infrastructure ETF by 419.0% in the third quarter. Flow Traders U.S. LLC now owns 68,924 shares of the company’s stock worth $4,252,000 after acquiring an additional 55,643 shares in the last quarter. Finally, Northwest Bank & Trust Co acquired a new position in shares of SPDR S&P Global Infrastructure ETF in the third quarter worth $7,276,000.

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.