FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEARCA:NFRA) Trading Down 0.5% – Should You Sell?

Posted by Doug Madison on Oct 19th, 2024

FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEARCA:NFRA – Get Free Report) were down 0.5% during trading on Thursday . The company traded as low as $59.18 and last traded at $59.29. Approximately 36,385 shares were traded during mid-day trading, a decline of 53% from the average daily volume of 76,901 shares. The stock had previously closed at $59.58.

FlexShares STOXX Global Broad Infrastructure Index Fund Price Performance

The company has a fifty day simple moving average of $58.32 and a 200-day simple moving average of $55.44. The company has a market cap of $2.48 billion, a P/E ratio of 20.96 and a beta of 0.64.

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

A number of hedge funds and other institutional investors have recently modified their holdings of NFRA. Massmutual Trust Co. FSB ADV acquired a new stake in FlexShares STOXX Global Broad Infrastructure Index Fund during the 3rd quarter worth about $38,000. Whittier Trust Co. acquired a new position in FlexShares STOXX Global Broad Infrastructure Index Fund in the 2nd quarter worth approximately $120,000. First PREMIER Bank purchased a new position in FlexShares STOXX Global Broad Infrastructure Index Fund during the 3rd quarter worth approximately $218,000. Grove Bank & Trust lifted its holdings in shares of FlexShares STOXX Global Broad Infrastructure Index Fund by 1,376.0% in the third quarter. Grove Bank & Trust now owns 4,620 shares of the company’s stock valued at $275,000 after purchasing an additional 4,307 shares in the last quarter. Finally, Bessemer Group Inc. grew its holdings in shares of FlexShares STOXX Global Broad Infrastructure Index Fund by 318.4% during the first 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 in the last quarter.

FlexShares STOXX Global Broad Infrastructure Index Fund Company Profile

(Get Free Report)

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.