SPDR S&P Global Infrastructure ETF (NYSEARCA:GII) Stock Price Passes Above 50 Day Moving Average – What’s Next?

SPDR S&P Global Infrastructure ETF (NYSEARCA:GII) shares passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $60.83 and traded as high as $61.66. SPDR S&P Global Infrastructure ETF shares last traded at $61.44, with a volume of 12,181 shares traded.

SPDR S&P Global Infrastructure ETF Price Performance

The company has a market cap of $457.73 million, a PE ratio of 20.94 and a beta of 0.67. The company has a 50-day moving average of $60.83 and a 200 day moving average of $59.86.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its stake in shares of SPDR S&P Global Infrastructure ETF by 193.1% during the third quarter. JPMorgan Chase & Co. now owns 1,111 shares of the company’s stock valued at $69,000 after buying an additional 732 shares during the last quarter. Lowe Wealth Advisors LLC grew its stake in shares of SPDR S&P Global Infrastructure ETF by 666.8% during the third quarter. Lowe Wealth Advisors LLC now owns 4,762 shares of the company’s stock valued at $294,000 after buying an additional 4,141 shares during the last quarter. Flow Traders U.S. LLC grew its stake in shares of SPDR S&P Global Infrastructure ETF by 419.0% during the third quarter. Flow Traders U.S. LLC now owns 68,924 shares of the company’s stock valued at $4,252,000 after buying an additional 55,643 shares during the last quarter. Finally, Northwest Bank & Trust Co purchased a new stake in shares of SPDR S&P Global Infrastructure ETF in the third quarter valued at approximately $7,276,000.

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.