SPDR S&P Global Infrastructure ETF (NYSEARCA:GII) Sets New 52-Week High – Should You Buy?

SPDR S&P Global Infrastructure ETF (NYSEARCA:GII)’s stock price hit a new 52-week high on Monday . The stock traded as high as $72.27 and last traded at $72.27, with a volume of 1874 shares changing hands. The stock had previously closed at $71.50.

SPDR S&P Global Infrastructure ETF Stock Performance

The company has a market capitalization of $702.54 million, a P/E ratio of 20.11 and a beta of 0.73. The company has a 50-day simple moving average of $70.41 and a 200 day simple moving average of $69.51.

Hedge Funds Weigh In On SPDR S&P Global Infrastructure ETF

Several large investors have recently bought and sold shares of GII. Farther Finance Advisors LLC grew its position in SPDR S&P Global Infrastructure ETF by 5,749.0% in the 4th quarter. Farther Finance Advisors LLC now owns 11,230 shares of the company’s stock worth $784,000 after purchasing an additional 11,038 shares during the last quarter. Eagle Bay Advisors LLC bought a new stake in shares of SPDR S&P Global Infrastructure ETF in the fourth quarter valued at about $31,000. TOWER TRUST & INVESTMENT Co grew its position in SPDR S&P Global Infrastructure ETF by 53.6% during the fourth quarter. TOWER TRUST & INVESTMENT Co now owns 189,670 shares of the company’s stock worth $13,233,000 after buying an additional 66,182 shares in the last quarter. JPMorgan Chase & Co. grew 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 worth $699,000 after buying an additional 8,898 shares in the last quarter. Finally, Rathbones Group PLC increased its stake in SPDR S&P Global Infrastructure ETF by 3.0% during the third quarter. Rathbones Group PLC now owns 49,877 shares of the company’s stock valued at $3,471,000 after acquiring an additional 1,438 shares during the period.

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.