FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEARCA:NFRA) Sets New 52-Week High at $58.66

FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEARCA:NFRA)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $58.66 and last traded at $58.66, with a volume of 33667 shares traded. The stock had previously closed at $58.63.

FlexShares STOXX Global Broad Infrastructure Index Fund Stock Up 0.4 %

The company’s 50-day simple moving average is $56.19 and its 200 day simple moving average is $54.52. The stock has a market capitalization of $2.48 billion, a price-to-earnings ratio of 20.96 and a beta of 0.64.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Whittier Trust Co. bought a new stake in FlexShares STOXX Global Broad Infrastructure Index Fund during the second quarter valued at about $120,000. Bessemer Group Inc. grew its holdings in FlexShares STOXX Global Broad Infrastructure Index Fund by 318.4% in the 1st quarter. Bessemer Group Inc. now owns 8,836 shares of the company’s stock valued at $482,000 after buying an additional 6,724 shares during the last quarter. Studio Investment Management LLC grew its holdings in FlexShares STOXX Global Broad Infrastructure Index Fund by 49.7% in the 4th quarter. Studio Investment Management LLC now owns 14,904 shares of the company’s stock valued at $797,000 after buying an additional 4,945 shares during the last quarter. UMB Bank n.a. increased its position in FlexShares STOXX Global Broad Infrastructure Index Fund by 16.4% in the 1st quarter. UMB Bank n.a. now owns 16,675 shares of the company’s stock worth $910,000 after buying an additional 2,345 shares during the period. Finally, Park National Corp OH lifted its holdings in shares of FlexShares STOXX Global Broad Infrastructure Index Fund by 4.9% during the first quarter. Park National Corp OH now owns 21,143 shares of the company’s stock worth $1,154,000 after buying an additional 992 shares during the last quarter.

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.