FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEARCA:NFRA) Hits New 52-Week High – What’s Next?

FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEARCA:NFRAGet Free Report) shares hit a new 52-week high on Tuesday . The stock traded as high as $61.35 and last traded at $61.28, with a volume of 34497 shares trading hands. The stock had previously closed at $60.79.

FlexShares STOXX Global Broad Infrastructure Index Fund Price Performance

The firm has a market capitalization of $2.50 billion, a PE ratio of 17.90 and a beta of 0.76. The company’s fifty day simple moving average is $58.29 and its 200-day simple moving average is $56.97.

Institutional Investors Weigh In On FlexShares STOXX Global Broad Infrastructure Index Fund

A number of large investors have recently modified their holdings of the business. Avior Wealth Management LLC acquired a new stake in FlexShares STOXX Global Broad Infrastructure Index Fund in the 4th quarter worth approximately $66,000. Money Design Co. Ltd. grew its holdings in shares of FlexShares STOXX Global Broad Infrastructure Index Fund by 44.9% during the fourth quarter. Money Design Co. Ltd. now owns 82,531 shares of the company’s stock valued at $4,467,000 after buying an additional 25,558 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of FlexShares STOXX Global Broad Infrastructure Index Fund in the 4th quarter valued at $26,000. Bank of New York Mellon Corp raised its stake in FlexShares STOXX Global Broad Infrastructure Index Fund by 16.0% in the 4th quarter. Bank of New York Mellon Corp now owns 24,493 shares of the company’s stock worth $1,328,000 after acquiring an additional 3,373 shares during the last quarter. Finally, Jones Financial Companies Lllp purchased a new position in FlexShares STOXX Global Broad Infrastructure Index Fund in the 4th quarter worth $29,000.

About FlexShares STOXX Global Broad Infrastructure Index Fund

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The FlexShares STOXX Global Broad Infrastructure Index Fund (NFRA) is an exchange-traded fund that is based on the STOXX Global Broad Infrastructure index, a market-cap-weighted index of global infrastructure companies from developed and emerging markets. NFRA was launched on Oct 8, 2013 and is managed by FlexShares.

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