SPDR S&P Global Infrastructure ETF (NYSEARCA:GII) Reaches New 52-Week High – Should You Buy?

Shares of SPDR S&P Global Infrastructure ETF (NYSEARCA:GII) hit a new 52-week high on Tuesday . The stock traded as high as $75.53 and last traded at $75.50, with a volume of 55787 shares trading hands. The stock had previously closed at $74.74.

SPDR S&P Global Infrastructure ETF Stock Up 1.0%

The firm has a 50 day moving average price of $71.07 and a two-hundred day moving average price of $70.02. The company has a market capitalization of $739.90 million, a price-to-earnings ratio of 20.11 and a beta of 0.73.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Eagle Bay Advisors LLC acquired a new position in SPDR S&P Global Infrastructure ETF during the 4th quarter worth $31,000. Cornerstone Planning Group LLC acquired a new position in shares of SPDR S&P Global Infrastructure ETF in the 3rd quarter worth approximately $37,000. Advisors Preferred LLC acquired a new position in shares of SPDR S&P Global Infrastructure ETF in the 2nd quarter worth approximately $46,000. Copia Wealth Management bought a new stake in shares of SPDR S&P Global Infrastructure ETF in the 2nd quarter valued at approximately $49,000. Finally, JPMorgan Chase & Co. raised its position in shares of SPDR S&P Global Infrastructure ETF by 775.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 10,046 shares of the company’s stock valued at $699,000 after acquiring an additional 8,898 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.