FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEARCA:NFRA) Hits New 1-Year High – Here’s Why

Shares of FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEARCA:NFRA) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $66.77 and last traded at $66.42, with a volume of 7225 shares. The stock had previously closed at $66.70.

FlexShares STOXX Global Broad Infrastructure Index Fund Trading Down 0.0%

The company has a 50-day moving average of $62.23 and a 200-day moving average of $62.56. The company has a market capitalization of $3.15 billion, a price-to-earnings ratio of 18.12 and a beta of 0.75.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of NFRA. CX Institutional raised its holdings in shares of FlexShares STOXX Global Broad Infrastructure Index Fund by 6.7% during the fourth quarter. CX Institutional now owns 182,381 shares of the company’s stock worth $11,036,000 after purchasing an additional 11,391 shares during the last quarter. Park National Corp OH boosted its position in shares of FlexShares STOXX Global Broad Infrastructure Index Fund by 6.4% during the 4th quarter. Park National Corp OH now owns 71,391 shares of the company’s stock valued at $4,320,000 after acquiring an additional 4,288 shares during the last quarter. Steph & Co. raised its holdings in FlexShares STOXX Global Broad Infrastructure Index Fund by 0.3% in the 4th quarter. Steph & Co. now owns 58,710 shares of the company’s stock valued at $3,553,000 after buying an additional 199 shares during the period. Missouri Trust & Investment Co raised its holdings in shares of FlexShares STOXX Global Broad Infrastructure Index Fund by 4.3% in the 3rd quarter. Missouri Trust & Investment Co now owns 46,246 shares of the company’s stock valued at $2,910,000 after buying an additional 1,903 shares during the period. Finally, Dorsey & Whitney Trust CO LLC grew its stake in shares of FlexShares STOXX Global Broad Infrastructure Index Fund by 10.0% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 36,227 shares of the company’s stock worth $2,192,000 after acquiring an additional 3,294 shares in the last quarter.

FlexShares STOXX Global Broad Infrastructure Index Fund Company Profile

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.