FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEARCA:NFRA) Trading 0.3% Higher

FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEARCA:NFRA)’s share price traded up 0.3% during trading on Thursday . The stock traded as high as $51.81 and last traded at $51.70. 78,517 shares changed hands during mid-day trading, a decline of 10% from the average session volume of 87,402 shares. The stock had previously closed at $51.53.

FlexShares STOXX Global Broad Infrastructure Index Fund Price Performance

The company has a market capitalization of $2.17 billion, a PE ratio of 20.31 and a beta of 0.74. The company’s 50 day simple moving average is $53.49 and its 200 day simple moving average is $51.92.

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

Hedge funds have recently added to or reduced their stakes in the stock. US Bancorp DE increased its stake in FlexShares STOXX Global Broad Infrastructure Index Fund by 63.7% in the first quarter. US Bancorp DE now owns 1,388 shares of the company’s stock valued at $80,000 after purchasing an additional 540 shares during the last quarter. Hollencrest Capital Management purchased a new position in shares of FlexShares STOXX Global Broad Infrastructure Index Fund during the first quarter worth approximately $101,000. NBC Securities Inc. purchased a new position in shares of FlexShares STOXX Global Broad Infrastructure Index Fund during the third quarter worth approximately $120,000. JPMorgan Chase & Co. grew its position in shares of FlexShares STOXX Global Broad Infrastructure Index Fund by 2,855.3% during the first quarter. JPMorgan Chase & Co. now owns 3,635 shares of the company’s stock worth $189,000 after acquiring an additional 3,512 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. purchased a new position in shares of FlexShares STOXX Global Broad Infrastructure Index Fund during the fourth quarter worth approximately $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.