SPDR S&P Global Infrastructure ETF (NYSEARCA:GII) Sets New 52-Week High – What’s Next?

SPDR S&P Global Infrastructure ETF (NYSEARCA:GII)’s share price hit a new 52-week high on Tuesday . The stock traded as high as $78.16 and last traded at $77.7490, with a volume of 3287 shares traded. The stock had previously closed at $76.48.

SPDR S&P Global Infrastructure ETF Stock Performance

The company has a 50 day moving average price of $71.67 and a 200 day moving average price of $70.35. The firm has a market cap of $763.03 million, a price-to-earnings ratio of 20.11 and a beta of 0.73.

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

Several institutional investors have recently bought and sold shares of the company. Eagle Bay Advisors LLC acquired a new position in shares of SPDR S&P Global Infrastructure ETF in the fourth quarter valued at approximately $31,000. Cornerstone Planning Group LLC purchased a new position in SPDR S&P Global Infrastructure ETF in the third quarter valued at $37,000. Advisors Preferred LLC purchased a new position in shares of SPDR S&P Global Infrastructure ETF in the 2nd quarter valued at about $46,000. Parallel Advisors LLC increased its stake in SPDR S&P Global Infrastructure ETF by 168.7% in the fourth quarter. Parallel Advisors LLC now owns 806 shares of the company’s stock valued at $56,000 after purchasing an additional 506 shares during the last quarter. Finally, Copia Wealth Management raised its stake in SPDR S&P Global Infrastructure ETF by 18.5% during the 4th quarter. Copia Wealth Management now owns 1,012 shares of the company’s stock worth $71,000 after acquiring an additional 158 shares in the last quarter.

SPDR S&P Global Infrastructure ETF Company Profile

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.