SPDR S&P Global Infrastructure ETF (NYSEARCA:GII) Reaches New 12-Month High – Still a Buy?

Shares of 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 $72.06 and last traded at $70.92, with a volume of 156 shares trading hands. The stock had previously closed at $71.09.

SPDR S&P Global Infrastructure ETF Stock Performance

The firm has a 50-day moving average of $70.26 and a 200-day moving average of $68.54. The firm has a market capitalization of $642.09 million, a P/E ratio of 20.11 and a beta of 0.73.

Institutional Investors Weigh In On SPDR S&P Global Infrastructure ETF

Large investors have recently bought and sold shares of the business. Marshall Wace LLP purchased a new position in SPDR S&P Global Infrastructure ETF in the 2nd quarter worth about $1,089,000. Lowe Wealth Advisors LLC raised 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 valued at $1,893,000 after purchasing an additional 10,197 shares during the last quarter. JPMorgan Chase & Co. lifted its position in SPDR S&P Global Infrastructure ETF by 775.1% during the third quarter. JPMorgan Chase & Co. now owns 10,046 shares of the company’s stock valued at $699,000 after purchasing an additional 8,898 shares during the period. Jones Financial Companies Lllp lifted its position in 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 valued at $726,000 after purchasing an additional 7,435 shares during the period. Finally, Rathbones Group PLC boosted its holdings in SPDR S&P Global Infrastructure ETF by 12.2% in 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 last quarter.

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.