SPDR S&P Global Infrastructure ETF (NYSEARCA:GII) Sets New 12-Month High – Here’s Why

Shares of SPDR S&P Global Infrastructure ETF (NYSEARCA:GII) hit a new 52-week high during trading on Monday . The company traded as high as $72.27 and last traded at $72.27, with a volume of 1874 shares traded. The stock had previously closed at $71.50.

SPDR S&P Global Infrastructure ETF Stock Up 0.6%

The business has a 50-day moving average price of $70.41 and a 200-day moving average price of $69.51. The firm has a market capitalization of $702.54 million, a P/E ratio of 20.11 and a beta of 0.73.

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

Hedge funds have recently made changes to their positions in the business. TOWER TRUST & INVESTMENT Co boosted its position in shares of SPDR S&P Global Infrastructure ETF by 53.6% during the 4th quarter. TOWER TRUST & INVESTMENT Co now owns 189,670 shares of the company’s stock valued at $13,233,000 after acquiring an additional 66,182 shares in the last quarter. Marshall Wace LLP acquired a new position in SPDR S&P Global Infrastructure ETF in the second quarter worth about $1,089,000. Farther Finance Advisors LLC lifted its stake in SPDR S&P Global Infrastructure ETF by 5,749.0% during the fourth quarter. Farther Finance Advisors LLC now owns 11,230 shares of the company’s stock worth $784,000 after purchasing an additional 11,038 shares during the period. Lowe Wealth Advisors LLC boosted its holdings in SPDR S&P Global Infrastructure ETF by 36.1% during the third quarter. Lowe Wealth Advisors LLC now owns 38,266 shares of the company’s stock valued at $2,663,000 after purchasing an additional 10,154 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in SPDR S&P Global Infrastructure ETF by 775.1% during the third quarter. JPMorgan Chase & Co. now owns 10,046 shares of the company’s stock valued at $699,000 after purchasing an additional 8,898 shares in the last quarter.

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. The Index is a composite of the Macquarie Global Infrastructure Index (MGII), which is based on 255 stocks in the FTSE Global Equity Index Series.