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

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 $61.46 and traded as low as $59.29. SPDR S&P Global Infrastructure ETF shares last traded at $59.42, with a volume of 66,733 shares trading hands.

SPDR S&P Global Infrastructure ETF Price Performance

The stock has a 50-day moving average of $61.46 and a 200-day moving average of $59.27. The firm has a market cap of $442.68 million, a price-to-earnings ratio of 20.94 and a beta of 0.67.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. increased 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 valued at $69,000 after acquiring an additional 732 shares during the last quarter. Rathbones Group PLC raised its holdings in shares of SPDR S&P Global Infrastructure ETF by 2.1% during the 2nd quarter. Rathbones Group PLC now owns 44,831 shares of the company’s stock worth $2,450,000 after buying an additional 914 shares in the last quarter. Lowe Wealth Advisors LLC lifted its position in shares of SPDR S&P Global Infrastructure ETF by 666.8% during the 3rd quarter. Lowe Wealth Advisors LLC now owns 4,762 shares of the company’s stock worth $294,000 after buying an additional 4,141 shares during the last quarter. Flow Traders U.S. LLC boosted 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 valued at $4,252,000 after buying an additional 55,643 shares in the last quarter. Finally, Northwest Bank & Trust Co bought a new position in SPDR S&P Global Infrastructure ETF in the third quarter valued at about $7,276,000.

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.