Shares of FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEARCA:NFRA – Get Free Report) dropped 1.7% during mid-day trading on Wednesday . The company traded as low as $64.82 and last traded at $64.96. Approximately 55,323 shares traded hands during trading, a decline of 28% from the average daily volume of 76,973 shares. The stock had previously closed at $66.07.
FlexShares STOXX Global Broad Infrastructure Index Fund Price Performance
The stock’s fifty day simple moving average is $65.53 and its 200-day simple moving average is $63.92. The company has a market capitalization of $3.01 billion, a P/E ratio of 18.12 and a beta of 0.67.
Institutional Investors Weigh In On FlexShares STOXX Global Broad Infrastructure Index Fund
A number of hedge funds have recently bought and sold shares of the company. CX Institutional boosted its holdings in FlexShares STOXX Global Broad Infrastructure Index Fund by 6.7% during the fourth quarter. CX Institutional now owns 182,381 shares of the company’s stock valued at $11,036,000 after acquiring an additional 11,391 shares during the period. Park National Corp OH boosted its holdings in FlexShares STOXX Global Broad Infrastructure Index Fund by 6.4% during the fourth quarter. Park National Corp OH now owns 71,391 shares of the company’s stock valued at $4,320,000 after acquiring an additional 4,288 shares during the period. Steph & Co. boosted its holdings in FlexShares STOXX Global Broad Infrastructure Index Fund by 8.5% during the first quarter. Steph & Co. now owns 63,688 shares of the company’s stock valued at $4,073,000 after acquiring an additional 4,978 shares during the period. Bessemer Group Inc. boosted its holdings in FlexShares STOXX Global Broad Infrastructure Index Fund by 56.6% during the first quarter. Bessemer Group Inc. now owns 46,432 shares of the company’s stock valued at $2,970,000 after acquiring an additional 16,775 shares during the period. Finally, Dorsey & Whitney Trust CO LLC boosted its holdings in FlexShares STOXX Global Broad Infrastructure Index Fund by 10.0% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 36,227 shares of the company’s stock valued at $2,192,000 after acquiring an additional 3,294 shares during the period.
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.
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