SPDR S&P Global Infrastructure ETF (NYSEARCA:GII) Shares Pass Above Fifty Day Moving Average – Here’s Why

SPDR S&P Global Infrastructure ETF (NYSEARCA:GII)’s stock price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $74.36 and traded as high as $76.45. SPDR S&P Global Infrastructure ETF shares last traded at $75.67, with a volume of 75,634 shares traded.

SPDR S&P Global Infrastructure ETF Stock Up 0.1%

The business has a 50-day moving average price of $74.36 and a 200-day moving average price of $71.42. The firm has a market capitalization of $741.57 million, a P/E ratio of 20.11 and a beta of 0.73.

Institutional Investors Weigh In On SPDR S&P Global Infrastructure ETF

Several institutional investors and hedge funds have recently bought and sold shares of GII. Jones Financial Companies Lllp raised its stake in shares of SPDR S&P Global Infrastructure ETF by 174.1% in the 1st quarter. Jones Financial Companies Lllp now owns 11,706 shares of the company’s stock valued at $726,000 after buying an additional 7,435 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of SPDR S&P Global Infrastructure ETF during the 2nd quarter valued at about $1,089,000. TOWER TRUST & INVESTMENT Co increased its stake in SPDR S&P Global Infrastructure ETF by 0.7% in the third quarter. TOWER TRUST & INVESTMENT Co now owns 123,488 shares of the company’s stock valued at $8,593,000 after acquiring an additional 892 shares during the period. Lowe Wealth Advisors LLC increased its stake in SPDR S&P Global Infrastructure ETF by 36.1% in the third quarter. Lowe Wealth Advisors LLC now owns 38,266 shares of the company’s stock valued at $2,663,000 after acquiring an additional 10,154 shares during the period. Finally, Cornerstone Planning Group LLC acquired a new position in SPDR S&P Global Infrastructure ETF in the third quarter worth about $37,000.

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.