FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEARCA:NFRA) Shares Down 1.7% – Should You Sell?

FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEARCA:NFRA)’s stock price were down 1.7% during mid-day trading on Wednesday . The company traded as low as $64.82 and last traded at $64.96. Approximately 55,323 shares traded hands during mid-day trading, a decline of 28% from the average daily volume of 76,973 shares. The stock had previously closed at $66.07.

FlexShares STOXX Global Broad Infrastructure Index Fund Price Performance

The stock has a market capitalization of $3.01 billion, a P/E ratio of 18.12 and a beta of 0.67. The stock’s fifty day moving average is $65.53 and its 200-day moving average is $63.92.

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

A number of large investors have recently bought and sold shares of the business. Steph & Co. boosted its holdings in FlexShares STOXX Global Broad Infrastructure Index Fund by 0.3% in the fourth quarter. Steph & Co. now owns 58,710 shares of the company’s stock worth $3,553,000 after purchasing an additional 199 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in FlexShares STOXX Global Broad Infrastructure Index Fund by 1,165.2% in the third quarter. JPMorgan Chase & Co. now owns 835 shares of the company’s stock worth $53,000 after purchasing an additional 769 shares in the last quarter. Transcend Capital Advisors LLC boosted its holdings in FlexShares STOXX Global Broad Infrastructure Index Fund by 8.0% in the fourth quarter. Transcend Capital Advisors LLC now owns 14,896 shares of the company’s stock worth $901,000 after purchasing an additional 1,102 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in FlexShares STOXX Global Broad Infrastructure Index Fund by 572.2% in the first quarter. Jones Financial Companies Lllp now owns 3,576 shares of the company’s stock worth $206,000 after purchasing an additional 3,044 shares in the last quarter. Finally, Dorsey & Whitney Trust CO LLC boosted its holdings in FlexShares STOXX Global Broad Infrastructure Index Fund by 10.0% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 36,227 shares of the company’s stock worth $2,192,000 after purchasing an additional 3,294 shares in the last quarter.

About FlexShares STOXX Global Broad Infrastructure Index Fund

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.