FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEARCA:NFRA) Trading Down 0.4% – Here’s Why

FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEARCA:NFRA) traded down 0.4% during trading on Thursday . The company traded as low as $65.30 and last traded at $65.42. 47,186 shares were traded during trading, a decline of 39% from the average session volume of 77,788 shares. The stock had previously closed at $65.70.

FlexShares STOXX Global Broad Infrastructure Index Fund Stock Performance

The company’s fifty day moving average price is $65.30 and its two-hundred day moving average price is $64.49. The firm has a market capitalization of $3.03 billion, a PE ratio of 18.12 and a beta of 0.67.

Hedge Funds Weigh In On FlexShares STOXX Global Broad Infrastructure Index Fund

Several institutional investors and hedge funds have recently bought and sold shares of NFRA. Jones Financial Companies Lllp raised its stake in FlexShares STOXX Global Broad Infrastructure Index Fund by 572.2% during the first quarter. Jones Financial Companies Lllp now owns 3,576 shares of the company’s stock worth $206,000 after purchasing an additional 3,044 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of FlexShares STOXX Global Broad Infrastructure Index Fund by 1,165.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 835 shares of the company’s stock worth $53,000 after buying an additional 769 shares during the last quarter. BOKF NA increased its holdings in shares of FlexShares STOXX Global Broad Infrastructure Index Fund by 379.9% during the 3rd quarter. BOKF NA now owns 7,175 shares of the company’s stock worth $451,000 after buying an additional 5,680 shares during the last quarter. Flow Traders U.S. LLC purchased a new position in shares of FlexShares STOXX Global Broad Infrastructure Index Fund in the 3rd quarter worth $426,000. Finally, Transcend Capital Advisors LLC raised its position in shares of FlexShares STOXX Global Broad Infrastructure Index Fund by 8.0% in the 4th quarter. Transcend Capital Advisors LLC now owns 14,896 shares of the company’s stock worth $901,000 after buying an additional 1,102 shares during the period.

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.