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

SPDR S&P Global Infrastructure ETF (NYSEARCA:GII) shares saw strong trading volume on Monday . 45,236 shares traded hands during mid-day trading, an increase of 20% from the previous session’s volume of 37,675 shares.The stock last traded at $62.34 and had previously closed at $63.13.

SPDR S&P Global Infrastructure ETF Price Performance

The stock has a market cap of $498.38 million, a price-to-earnings ratio of 19.41 and a beta of 0.72. The business’s fifty day simple moving average is $60.93 and its 200 day simple moving average is $61.05.

Institutional Investors Weigh In On SPDR S&P Global Infrastructure ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GII. JPMorgan Chase & Co. raised its holdings in SPDR S&P Global Infrastructure ETF by 193.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,111 shares of the company’s stock worth $69,000 after buying an additional 732 shares during the period. Whittier Trust Co. grew its position in SPDR S&P Global Infrastructure ETF by 716.5% during the 4th quarter. Whittier Trust Co. now owns 939 shares of the company’s stock worth $56,000 after purchasing an additional 824 shares in the last quarter. Northwest Bank & Trust Co raised its stake in SPDR S&P Global Infrastructure ETF by 0.9% during the 4th quarter. Northwest Bank & Trust Co now owns 119,080 shares of the company’s stock valued at $7,535,000 after purchasing an additional 1,114 shares during the period. Finally, Lowe Wealth Advisors LLC boosted its position 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 buying an additional 1,493 shares during the period.

SPDR S&P Global Infrastructure ETF Company Profile

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.