FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEARCA:NFRA) Sees Large Volume Increase – Here’s Why

Shares of FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEARCA:NFRA) saw an uptick in trading volume on Tuesday . 110,660 shares traded hands during trading, an increase of 47% from the previous session’s volume of 75,426 shares.The stock last traded at $57.50 and had previously closed at $58.02.

FlexShares STOXX Global Broad Infrastructure Index Fund Stock Down 1.1 %

The company’s 50 day simple moving average is $58.65 and its 200-day simple moving average is $56.07. The firm has a market cap of $2.39 billion, a P/E ratio of 20.96 and a beta of 0.64.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Bessemer Group Inc. boosted its stake in FlexShares STOXX Global Broad Infrastructure Index Fund by 318.4% in the 1st quarter. Bessemer Group Inc. now owns 8,836 shares of the company’s stock worth $482,000 after purchasing an additional 6,724 shares during the period. Whittier Trust Co. bought a new stake in shares of FlexShares STOXX Global Broad Infrastructure Index Fund during the 2nd quarter valued at approximately $120,000. Studio Investment Management LLC increased its position in FlexShares STOXX Global Broad Infrastructure Index Fund by 15.2% in the 2nd quarter. Studio Investment Management LLC now owns 20,191 shares of the company’s stock valued at $1,074,000 after buying an additional 2,667 shares in the last quarter. Park National Corp OH raised its stake in FlexShares STOXX Global Broad Infrastructure Index Fund by 28.5% in the 3rd quarter. Park National Corp OH now owns 27,131 shares of the company’s stock valued at $1,612,000 after acquiring an additional 6,021 shares during the period. Finally, Massmutual Trust Co. FSB ADV purchased a new position in shares of FlexShares STOXX Global Broad Infrastructure Index Fund during the third quarter worth approximately $38,000.

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.