SPDR S&P Global Infrastructure ETF (NYSEARCA:GII) Share Price Crosses Below Fifty Day Moving Average – Here’s What Happened

SPDR S&P Global Infrastructure ETF (NYSEARCA:GII)’s stock price passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $76.27 and traded as low as $74.22. SPDR S&P Global Infrastructure ETF shares last traded at $74.36, with a volume of 54,231 shares changing hands.

SPDR S&P Global Infrastructure ETF Price Performance

The business has a 50-day moving average of $76.27 and a 200-day moving average of $74.12. The firm has a market cap of $948.09 million, a price-to-earnings ratio of 20.11 and a beta of 0.61.

Institutional Trading of SPDR S&P Global Infrastructure ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. TOWER TRUST & INVESTMENT Co increased its position in shares of SPDR S&P Global Infrastructure ETF by 53.6% in the fourth quarter. TOWER TRUST & INVESTMENT Co now owns 189,670 shares of the company’s stock valued at $13,233,000 after acquiring an additional 66,182 shares during the last quarter. Farther Finance Advisors LLC increased its position in shares of SPDR S&P Global Infrastructure ETF by 5,749.0% in the fourth quarter. Farther Finance Advisors LLC now owns 11,230 shares of the company’s stock valued at $784,000 after acquiring an additional 11,038 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of SPDR S&P Global Infrastructure ETF by 775.1% in the third 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 during the last quarter. Eagle Bay Advisors LLC acquired a new stake in shares of SPDR S&P Global Infrastructure ETF in the fourth quarter valued at about $31,000. Finally, Parallel Advisors LLC increased its position 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 valued at $56,000 after acquiring an additional 506 shares during 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. 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.