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

SPDR S&P Global Infrastructure ETF (NYSEARCA:GII) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $70.26 and last traded at $70.27, with a volume of 1529 shares trading hands. The stock had previously closed at $69.61.

SPDR S&P Global Infrastructure ETF Stock Up 0.7%

The firm’s 50-day simple moving average is $68.77 and its 200-day simple moving average is $66.19. The firm has a market capitalization of $627.57 million, a PE ratio of 20.11 and a beta of 0.81.

Institutional Trading of SPDR S&P Global Infrastructure ETF

Institutional investors have recently modified their holdings of the company. Rathbones Group PLC boosted its holdings in shares of SPDR S&P Global Infrastructure ETF by 12.2% during the first quarter. Rathbones Group PLC now owns 49,267 shares of the company’s stock worth $3,055,000 after purchasing an additional 5,357 shares during the period. Wayfinding Financial LLC purchased a new stake in shares of SPDR S&P Global Infrastructure ETF during the first quarter worth about $126,000. Lowe Wealth Advisors LLC boosted its holdings in shares of SPDR S&P Global Infrastructure ETF by 56.9% during the second quarter. Lowe Wealth Advisors LLC now owns 28,112 shares of the company’s stock worth $1,893,000 after purchasing an additional 10,197 shares during the period. Marshall Wace LLP purchased a new stake in shares of SPDR S&P Global Infrastructure ETF during the second quarter worth about $1,089,000. Finally, Jones Financial Companies Lllp boosted its holdings in shares of SPDR S&P Global Infrastructure ETF by 174.1% during the first quarter. Jones Financial Companies Lllp now owns 11,706 shares of the company’s stock worth $726,000 after purchasing an additional 7,435 shares during the period.

SPDR S&P Global Infrastructure ETF Company Profile

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.