FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEARCA:NFRA) Hits New 1-Year High at $54.59

FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEARCA:NFRA)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as $54.59 and last traded at $54.59, with a volume of 47290 shares changing hands. The stock had previously closed at $54.53.

FlexShares STOXX Global Broad Infrastructure Index Fund Stock Performance

The company has a market cap of $2.35 billion, a price-to-earnings ratio of 24.90 and a beta of 0.74. The business has a 50-day simple moving average of $53.46 and a 200-day simple moving average of $51.59.

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

Hedge funds have recently bought and sold shares of the stock. Studio Investment Management LLC raised its position in shares of FlexShares STOXX Global Broad Infrastructure Index Fund by 49.7% during the 4th quarter. Studio Investment Management LLC now owns 14,904 shares of the company’s stock worth $797,000 after acquiring an additional 4,945 shares in the last quarter. OLD Mission Capital LLC acquired a new stake in shares of FlexShares STOXX Global Broad Infrastructure Index Fund during the 4th quarter worth about $336,000. Comerica Bank raised its position in shares of FlexShares STOXX Global Broad Infrastructure Index Fund by 490.7% during the 4th quarter. Comerica Bank now owns 13,096 shares of the company’s stock worth $701,000 after acquiring an additional 10,879 shares in the last quarter. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of FlexShares STOXX Global Broad Infrastructure Index Fund during the 4th quarter worth about $218,000. Finally, Steph & Co. raised its position in shares of FlexShares STOXX Global Broad Infrastructure Index Fund by 49.8% during the 4th quarter. Steph & Co. now owns 58,115 shares of the company’s stock worth $3,109,000 after acquiring an additional 19,330 shares in the last quarter.

FlexShares STOXX Global Broad Infrastructure Index Fund Company Profile

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.