SPDR S&P Global Infrastructure ETF (NYSEARCA:GII) Stock Price Passes Above 50 Day Moving Average – What’s Next?

SPDR S&P Global Infrastructure ETF (NYSEARCA:GII) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $60.83 and traded as high as $61.66. SPDR S&P Global Infrastructure ETF shares last traded at $61.44, with a volume of 12,181 shares.

SPDR S&P Global Infrastructure ETF Stock Up 0.7 %

The firm has a 50 day moving average of $60.83 and a 200 day moving average of $59.86. The firm has a market cap of $457.73 million, a price-to-earnings ratio of 20.94 and a beta of 0.67.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of GII. JPMorgan Chase & Co. lifted its holdings in SPDR S&P Global Infrastructure ETF by 193.1% during the third quarter. JPMorgan Chase & Co. now owns 1,111 shares of the company’s stock worth $69,000 after acquiring an additional 732 shares during the period. Lowe Wealth Advisors LLC grew its position in shares of SPDR S&P Global Infrastructure ETF by 31.4% in the fourth quarter. Lowe Wealth Advisors LLC now owns 6,255 shares of the company’s stock valued at $370,000 after purchasing an additional 1,493 shares in the last quarter. Flow Traders U.S. LLC grew its position in SPDR S&P Global Infrastructure ETF by 419.0% during the third quarter. Flow Traders U.S. LLC now owns 68,924 shares of the company’s stock worth $4,252,000 after buying an additional 55,643 shares in the last quarter. Finally, Northwest Bank & Trust Co purchased a new position in SPDR S&P Global Infrastructure ETF during the third quarter worth about $7,276,000.

About SPDR S&P Global Infrastructure ETF

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.