SPDR S&P Global Infrastructure ETF (NYSEARCA:GII) Sees Strong Trading Volume – Here’s What Happened

Shares of SPDR S&P Global Infrastructure ETF (NYSEARCA:GII) saw unusually-high trading volume on Tuesday . Approximately 157,502 shares traded hands during trading, an increase of 133% from the previous session’s volume of 67,460 shares.The stock last traded at $76.09 and had previously closed at $76.45.

SPDR S&P Global Infrastructure ETF Stock Performance

The business’s fifty day moving average is $76.76 and its 200-day moving average is $72.85. The firm has a market cap of $882.95 million, a P/E ratio of 20.11 and a beta of 0.67.

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

Several large investors have recently modified their holdings of the business. Copia Wealth Management raised its position in SPDR S&P Global Infrastructure ETF by 18.5% during the 4th quarter. Copia Wealth Management now owns 1,012 shares of the company’s stock worth $71,000 after purchasing an additional 158 shares during the last quarter. Eagle Bay Advisors LLC bought a new position in shares of SPDR S&P Global Infrastructure ETF during the fourth quarter worth about $31,000. Parallel Advisors LLC lifted its stake in shares of SPDR S&P Global Infrastructure ETF by 168.7% in the fourth quarter. Parallel Advisors LLC now owns 806 shares of the company’s stock worth $56,000 after acquiring an additional 506 shares during the period. Cornerstone Planning Group LLC bought a new stake in SPDR S&P Global Infrastructure ETF in the third quarter valued at approximately $37,000. Finally, TOWER TRUST & INVESTMENT Co boosted its holdings in SPDR S&P Global Infrastructure ETF by 0.7% in the third 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 during 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.