SPDR S&P Global Infrastructure ETF (NYSEARCA:GII) Hits New 52-Week High – Still a Buy?

SPDR S&P Global Infrastructure ETF (NYSEARCA:GII)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $67.16 and last traded at $67.00, with a volume of 15209 shares traded. The stock had previously closed at $66.83.

SPDR S&P Global Infrastructure ETF Trading Up 0.3%

The company’s 50 day moving average is $62.75 and its 200-day moving average is $61.50. The company has a market capitalization of $539.35 million, a P/E ratio of 19.34 and a beta of 0.72.

Institutional Trading of SPDR S&P Global Infrastructure ETF

A number of institutional investors and hedge funds have recently bought and sold shares of GII. Whittier Trust Co. increased its stake in SPDR S&P Global Infrastructure ETF by 716.5% during the 4th quarter. Whittier Trust Co. now owns 939 shares of the company’s stock valued at $56,000 after purchasing an additional 824 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of SPDR S&P Global Infrastructure ETF by 193.1% in the third quarter. JPMorgan Chase & Co. now owns 1,111 shares of the company’s stock worth $69,000 after acquiring an additional 732 shares during the period. Wayfinding Financial LLC bought a new stake in shares of SPDR S&P Global Infrastructure ETF in the first quarter worth approximately $126,000. Jones Financial Companies Lllp grew its stake in shares of SPDR S&P Global Infrastructure ETF by 174.1% in the first quarter. Jones Financial Companies Lllp now owns 11,706 shares of the company’s stock worth $726,000 after acquiring an additional 7,435 shares during the period. Finally, Lowe Wealth Advisors LLC grew its stake in shares of SPDR S&P Global Infrastructure ETF by 186.4% in the first quarter. Lowe Wealth Advisors LLC now owns 17,915 shares of the company’s stock worth $1,111,000 after acquiring an additional 11,660 shares during the period.

About SPDR S&P Global Infrastructure ETF

SPDR S&P Global Infrastructure ETF (the Fund), formerly SPDR FTSE/Macquarie Global Infrastructure 100 ETF, seeks to replicate as closely as possible the total return performance of the Macquarie Global Infrastructure 100 Index (the Index). The Index, calculated by FTSE, is designed to reflect the stock performance of companies within the infrastructure industry, principally those engaged in management, ownership and operation of infrastructure and utility assets.