FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEARCA:NFRA) Sets New 52-Week High – Still a Buy?

FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEARCA:NFRA) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $66.77 and last traded at $66.42, with a volume of 7225 shares. The stock had previously closed at $66.70.

FlexShares STOXX Global Broad Infrastructure Index Fund Price Performance

The firm’s 50 day moving average price is $62.23 and its 200 day moving average price is $62.56. The stock has a market capitalization of $3.15 billion, a P/E ratio of 18.12 and a beta of 0.75.

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

A number of hedge funds have recently made changes to their positions in the stock. Jones Financial Companies Lllp raised its holdings in FlexShares STOXX Global Broad Infrastructure Index Fund by 572.2% in the first quarter. Jones Financial Companies Lllp now owns 3,576 shares of the company’s stock worth $206,000 after purchasing an additional 3,044 shares in the last quarter. Park National Corp OH grew its position in shares of FlexShares STOXX Global Broad Infrastructure Index Fund by 55.4% in the 3rd quarter. Park National Corp OH now owns 67,103 shares of the company’s stock worth $4,222,000 after buying an additional 23,917 shares during the last quarter. Perkins Coie Trust Co bought a new position in shares of FlexShares STOXX Global Broad Infrastructure Index Fund during the 3rd quarter worth approximately $32,000. CoreCap Advisors LLC raised its stake in shares of FlexShares STOXX Global Broad Infrastructure Index Fund by 10.8% during the 3rd quarter. CoreCap Advisors LLC now owns 1,716 shares of the company’s stock worth $108,000 after acquiring an additional 167 shares in the last quarter. Finally, CX Institutional lifted its position in FlexShares STOXX Global Broad Infrastructure Index Fund by 5.4% during the third quarter. CX Institutional now owns 170,990 shares of the company’s stock valued at $10,759,000 after acquiring an additional 8,775 shares during 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.