FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEARCA:NFRA) Sees Strong Trading Volume – Still a Buy?

FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEARCA:NFRA) shares saw an uptick in trading volume on Wednesday . 289,603 shares were traded during mid-day trading, an increase of 265% from the previous session’s volume of 79,280 shares.The stock last traded at $54.35 and had previously closed at $53.76.

FlexShares STOXX Global Broad Infrastructure Index Fund Stock Up 0.3 %

The stock has a market cap of $2.29 billion, a PE ratio of 20.96 and a beta of 0.64. The firm has a fifty day moving average of $56.28 and a 200 day moving average of $56.84.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Flow Traders U.S. LLC boosted its stake in shares of FlexShares STOXX Global Broad Infrastructure Index Fund by 272.8% during the third quarter. Flow Traders U.S. LLC now owns 50,199 shares of the company’s stock worth $2,983,000 after buying an additional 36,732 shares during the period. Missouri Trust & Investment Co lifted its position in FlexShares STOXX Global Broad Infrastructure Index Fund by 4.4% during the 4th quarter. Missouri Trust & Investment Co now owns 44,368 shares of the company’s stock worth $2,406,000 after acquiring an additional 1,883 shares during the period. Park National Corp OH grew its stake in shares of FlexShares STOXX Global Broad Infrastructure Index Fund by 28.5% in the 3rd quarter. Park National Corp OH now owns 27,131 shares of the company’s stock valued at $1,612,000 after purchasing an additional 6,021 shares during the last quarter. Grove Bank & Trust increased its holdings in shares of FlexShares STOXX Global Broad Infrastructure Index Fund by 105.4% in the fourth quarter. Grove Bank & Trust now owns 9,489 shares of the company’s stock valued at $515,000 after purchasing an additional 4,869 shares during the period. Finally, First PREMIER Bank purchased a new stake in shares of FlexShares STOXX Global Broad Infrastructure Index Fund during the third quarter worth approximately $218,000.

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.