FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEARCA:NFRA) Sees Strong Trading Volume – Here’s What Happened

FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEARCA:NFRA) shares saw strong trading volume on Monday. Approximately 196,167 shares traded hands during trading, an increase of 158% from the previous session’s volume of 75,908 shares. The stock last traded at $62.93 and had previously closed at $63.50.

FlexShares STOXX Global Broad Infrastructure Index Fund Stock Down 0.7%

The firm’s 50 day simple moving average is $65.43 and its 200 day simple moving average is $65.14. The company has a market cap of $2.99 billion, a price-to-earnings ratio of 18.12 and a beta of 0.67.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in FlexShares STOXX Global Broad Infrastructure Index Fund stock. Bessemer Group Inc. lifted its stake in FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEARCA:NFRA) by 56.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 46,432 shares of the company’s stock after buying an additional 16,775 shares during the period. Bessemer Group Inc. owned about 0.10% of FlexShares STOXX Global Broad Infrastructure Index Fund worth $2,970,000 at the end of the most recent reporting period.

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.