FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEARCA:NFRA) Sees Large Volume Increase – Time to Buy?

FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEARCA:NFRA) shares saw unusually-strong trading volume on Tuesday . Approximately 121,913 shares traded hands during mid-day trading, an increase of 62% from the previous session’s volume of 75,425 shares.The stock last traded at $57.45 and had previously closed at $57.60.

FlexShares STOXX Global Broad Infrastructure Index Fund Trading Up 0.6 %

The company has a 50 day simple moving average of $58.52 and a 200 day simple moving average of $56.27. The stock has a market cap of $2.41 billion, a P/E ratio of 20.96 and a beta of 0.64.

Institutional Investors Weigh In On FlexShares STOXX Global Broad Infrastructure Index Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NFRA. Flow Traders U.S. LLC increased its stake in shares of FlexShares STOXX Global Broad Infrastructure Index Fund by 272.8% during the 3rd quarter. Flow Traders U.S. LLC now owns 50,199 shares of the company’s stock worth $2,983,000 after purchasing an additional 36,732 shares during the last quarter. Bessemer Group Inc. lifted 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 worth $482,000 after buying an additional 6,724 shares in the last quarter. Park National Corp OH grew its stake in shares of FlexShares STOXX Global Broad Infrastructure Index Fund by 28.5% in the third quarter. Park National Corp OH now owns 27,131 shares of the company’s stock valued at $1,612,000 after acquiring an additional 6,021 shares in the last quarter. Grove Bank & Trust increased its position in FlexShares STOXX Global Broad Infrastructure Index Fund by 1,376.0% during the third quarter. Grove Bank & Trust now owns 4,620 shares of the company’s stock worth $275,000 after acquiring an additional 4,307 shares during the period. Finally, First PREMIER Bank acquired a new stake in FlexShares STOXX Global Broad Infrastructure Index Fund in the 3rd quarter worth about $218,000.

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.