FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEARCA:NFRA) Trading 0.3% Higher – Time to Buy?

FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEARCA:NFRA)’s stock price were up 0.3% during mid-day trading on Wednesday . The company traded as high as $58.09 and last traded at $58.01. Approximately 35,050 shares were traded during trading, a decline of 57% from the average daily volume of 81,420 shares. The stock had previously closed at $57.81.

FlexShares STOXX Global Broad Infrastructure Index Fund Price Performance

The company has a market cap of $2.32 billion, a price-to-earnings ratio of 18.03 and a beta of 0.80. The firm has a 50-day moving average price of $56.72 and a 200 day moving average price of $57.04.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB bought a new stake in shares of FlexShares STOXX Global Broad Infrastructure Index Fund in the fourth quarter valued at about $26,000. Jones Financial Companies Lllp bought a new stake in FlexShares STOXX Global Broad Infrastructure Index Fund in the 4th quarter valued at about $29,000. Avior Wealth Management LLC acquired a new position in shares of FlexShares STOXX Global Broad Infrastructure Index Fund during the 4th quarter worth approximately $66,000. Operose Advisors LLC increased its holdings in shares of FlexShares STOXX Global Broad Infrastructure Index Fund by 209.0% during the fourth quarter. Operose Advisors LLC now owns 1,412 shares of the company’s stock worth $77,000 after purchasing an additional 955 shares during the period. Finally, Cullen Frost Bankers Inc. acquired a new stake in shares of FlexShares STOXX Global Broad Infrastructure Index Fund in the fourth quarter valued at approximately $77,000.

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.