SPDR S&P Global Infrastructure ETF (NYSEARCA:GII) Shares Up 1.1% – Time to Buy?

SPDR S&P Global Infrastructure ETF (NYSEARCA:GII) shot up 1.1% during trading on Friday . The company traded as high as $61.33 and last traded at $61.31. 47,580 shares were traded during trading, an increase of 48% from the average session volume of 32,048 shares. The stock had previously closed at $60.67.

SPDR S&P Global Infrastructure ETF Price Performance

The company has a market capitalization of $456.76 million, a price-to-earnings ratio of 20.94 and a beta of 0.67. The firm has a fifty day simple moving average of $61.38 and a 200 day simple moving average of $58.19.

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

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Lynx Investment Advisory purchased a new position in SPDR S&P Global Infrastructure ETF in the 2nd quarter worth approximately $31,000. Lowe Wealth Advisors LLC acquired a new position in SPDR S&P Global Infrastructure ETF in the 2nd quarter valued at about $34,000. Rathbones Group PLC grew its position in SPDR S&P Global Infrastructure ETF by 2.1% in the second quarter. Rathbones Group PLC now owns 44,831 shares of the company’s stock worth $2,450,000 after acquiring an additional 914 shares during the period. Flow Traders U.S. LLC raised its position 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 purchasing an additional 55,643 shares during the period. Finally, Northwest Bank & Trust Co acquired a new position in shares of SPDR S&P Global Infrastructure ETF in the 3rd quarter valued at $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.