SPDR S&P Global Infrastructure ETF (NYSEARCA:GII) Hits New 52-Week High – Still a Buy?

Shares of SPDR S&P Global Infrastructure ETF (NYSEARCA:GII) reached a new 52-week high during trading on Wednesday . The stock traded as high as $67.16 and last traded at $67.00, with a volume of 15209 shares. The stock had previously closed at $66.83.

SPDR S&P Global Infrastructure ETF Price Performance

The stock has a market capitalization of $539.35 million, a PE ratio of 19.34 and a beta of 0.72. The firm’s 50 day simple moving average is $62.75 and its 200 day simple moving average is $61.50.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its stake in shares of SPDR S&P Global Infrastructure ETF by 193.1% in the 3rd 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. Whittier Trust Co. increased its stake in shares of SPDR S&P Global Infrastructure ETF by 716.5% in the 4th quarter. Whittier Trust Co. now owns 939 shares of the company’s stock worth $56,000 after acquiring an additional 824 shares in the last quarter. Northwest Bank & Trust Co increased its stake in shares of SPDR S&P Global Infrastructure ETF by 0.9% in the 4th quarter. Northwest Bank & Trust Co now owns 119,080 shares of the company’s stock worth $7,535,000 after acquiring an additional 1,114 shares in the last quarter. Wayfinding Financial LLC bought a new position in shares of SPDR S&P Global Infrastructure ETF in the 1st quarter worth about $126,000. Finally, Rathbones Group PLC increased its stake in shares of SPDR S&P Global Infrastructure ETF by 12.2% in the 1st quarter. Rathbones Group PLC now owns 49,267 shares of the company’s stock worth $3,055,000 after acquiring an additional 5,357 shares in the last quarter.

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.