SPDR S&P Global Infrastructure ETF (NYSEARCA:GII) Sets New 1-Year High – Here’s Why

by · The Cerbat Gem

Shares of SPDR S&P Global Infrastructure ETF (NYSEARCA:GII – Get Free Report) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $72.06 and last traded at $70.92, with a volume of 156 shares. The stock had previously closed at $71.09.

SPDR S&P Global Infrastructure ETF Trading Down 0.2%

The stock has a 50 day simple moving average of $70.26 and a 200-day simple moving average of $68.54. The firm has a market cap of $642.09 million, a PE ratio of 20.11 and a beta of 0.73.

Institutional Trading of SPDR S&P Global Infrastructure ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Copia Wealth Management bought a new position in SPDR S&P Global Infrastructure ETF in the 2nd quarter worth approximately $49,000. Rathbones Group PLC lifted its holdings in shares of SPDR S&P Global Infrastructure ETF by 12.2% in the first quarter. Rathbones Group PLC now owns 49,267 shares of the company’s stock worth $3,055,000 after buying an additional 5,357 shares in the last quarter. Lowe Wealth Advisors LLC boosted its position in shares of SPDR S&P Global Infrastructure ETF by 56.9% during the second quarter. Lowe Wealth Advisors LLC now owns 28,112 shares of the company’s stock worth $1,893,000 after acquiring an additional 10,197 shares during the last quarter. Advisors Preferred LLC bought a new position in shares of SPDR S&P Global Infrastructure ETF during the second quarter worth $46,000. Finally, Cornerstone Planning Group LLC purchased a new position in SPDR S&P Global Infrastructure ETF during the third quarter valued at $37,000.

About SPDR S&P Global Infrastructure ETF

(Get Free Report)

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.

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