SPDR S&P Global Infrastructure ETF (NYSEARCA:GII) Sees Strong Trading Volume – Still a Buy?

SPDR S&P Global Infrastructure ETF (NYSEARCA:GII) shares saw unusually-high trading volume on Wednesday . Approximately 84,582 shares traded hands during mid-day trading, an increase of 100% from the previous session’s volume of 42,364 shares.The stock last traded at $76.0830 and had previously closed at $75.79.

SPDR S&P Global Infrastructure ETF Stock Up 1.0%

The stock has a market cap of $750.44 million, a P/E ratio of 20.11 and a beta of 0.73. The firm’s 50 day simple moving average is $71.17 and its two-hundred day simple moving average is $70.07.

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

Large investors have recently bought and sold shares of the business. Jones Financial Companies Lllp increased its stake in shares of SPDR S&P Global Infrastructure ETF by 174.1% in the first quarter. Jones Financial Companies Lllp now owns 11,706 shares of the company’s stock valued at $726,000 after purchasing an additional 7,435 shares during the period. Copia Wealth Management bought a new position in SPDR S&P Global Infrastructure ETF in the 2nd quarter worth approximately $49,000. Advisors Preferred LLC acquired a new stake in SPDR S&P Global Infrastructure ETF in the 2nd quarter valued at approximately $46,000. Marshall Wace LLP acquired a new stake in SPDR S&P Global Infrastructure ETF in the 2nd quarter valued at approximately $1,089,000. Finally, TOWER TRUST & INVESTMENT Co raised its stake in SPDR S&P Global Infrastructure ETF by 0.7% during the 3rd quarter. TOWER TRUST & INVESTMENT Co now owns 123,488 shares of the company’s stock valued at $8,593,000 after acquiring an additional 892 shares in the last quarter.

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.