SPDR S&P Global Infrastructure ETF (NYSEARCA:GII) Sets New 52-Week High – What’s Next?

SPDR S&P Global Infrastructure ETF (NYSEARCA:GII) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $78.16 and last traded at $77.7490, with a volume of 3287 shares. The stock had previously closed at $76.48.

SPDR S&P Global Infrastructure ETF Stock Up 0.3%

The business’s fifty day moving average is $71.67 and its two-hundred day moving average is $70.35. The stock has a market capitalization of $763.03 million, a PE ratio of 20.11 and a beta of 0.73.

Institutional Trading of SPDR S&P Global Infrastructure ETF

Several hedge funds have recently made changes to their positions in GII. Copia Wealth Management raised its position in SPDR S&P Global Infrastructure ETF by 18.5% during the fourth quarter. Copia Wealth Management now owns 1,012 shares of the company’s stock valued at $71,000 after purchasing an additional 158 shares during the period. Eagle Bay Advisors LLC purchased a new position in shares of SPDR S&P Global Infrastructure ETF during the 4th quarter worth about $31,000. Parallel Advisors LLC boosted its stake in shares of SPDR S&P Global Infrastructure ETF by 168.7% during the 4th quarter. Parallel Advisors LLC now owns 806 shares of the company’s stock worth $56,000 after purchasing an additional 506 shares during the period. Cornerstone Planning Group LLC bought a new position in SPDR S&P Global Infrastructure ETF during the 3rd quarter valued at about $37,000. Finally, Advisors Preferred LLC purchased a new stake in SPDR S&P Global Infrastructure ETF in the 2nd quarter worth about $46,000.

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. The Index is a composite of the Macquarie Global Infrastructure Index (MGII), which is based on 255 stocks in the FTSE Global Equity Index Series.