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

Shares of SPDR S&P Global Infrastructure ETF (NYSEARCA:GII) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $60.62 and traded as low as $59.64. SPDR S&P Global Infrastructure ETF shares last traded at $59.77, with a volume of 9,762 shares trading hands.

SPDR S&P Global Infrastructure ETF Stock Up 2.4 %

The company has a 50-day simple moving average of $60.64 and a two-hundred day simple moving average of $60.93. The stock has a market cap of $492.66 million, a P/E ratio of 19.00 and a beta of 0.87.

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

Hedge funds and other institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. grew its stake in SPDR S&P Global Infrastructure ETF by 193.1% in the third quarter. JPMorgan Chase & Co. now owns 1,111 shares of the company’s stock worth $69,000 after purchasing an additional 732 shares during the period. Whittier Trust Co. grew its stake in SPDR S&P Global Infrastructure ETF by 716.5% in the fourth quarter. Whittier Trust Co. now owns 939 shares of the company’s stock worth $56,000 after purchasing an additional 824 shares during the period. Northwest Bank & Trust Co grew its stake in SPDR S&P Global Infrastructure ETF by 0.9% in the fourth quarter. Northwest Bank & Trust Co now owns 119,080 shares of the company’s stock worth $7,535,000 after purchasing an additional 1,114 shares during the period. Lowe Wealth Advisors LLC grew its stake in SPDR S&P Global Infrastructure ETF by 31.4% in the fourth quarter. Lowe Wealth Advisors LLC now owns 6,255 shares of the company’s stock worth $370,000 after purchasing an additional 1,493 shares during the period. Finally, Flow Traders U.S. LLC grew its stake in SPDR S&P Global Infrastructure ETF by 419.0% in the third quarter. Flow Traders U.S. LLC now owns 68,924 shares of the company’s stock worth $4,252,000 after purchasing an additional 55,643 shares during the period.

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.