SPDR S&P Global Infrastructure ETF (NYSEARCA:GII) Stock Price Crosses Below Fifty Day Moving Average – Time to Sell?

SPDR S&P Global Infrastructure ETF (NYSEARCA:GII) shares passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $69.88 and traded as low as $69.38. SPDR S&P Global Infrastructure ETF shares last traded at $69.38, with a volume of 37,785 shares trading hands.

SPDR S&P Global Infrastructure ETF Stock Performance

The firm’s fifty day moving average is $69.88 and its 200 day moving average is $68.14. The company has a market capitalization of $627.89 million, a P/E ratio of 20.11 and a beta of 0.73.

Institutional Trading of SPDR S&P Global Infrastructure ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Cornerstone Planning Group LLC acquired a new stake in SPDR S&P Global Infrastructure ETF in the third quarter worth about $37,000. Advisors Preferred LLC acquired a new stake in SPDR S&P Global Infrastructure ETF during the 2nd quarter worth about $46,000. Copia Wealth Management acquired a new stake in SPDR S&P Global Infrastructure ETF during the second quarter worth about $49,000. JPMorgan Chase & Co. increased its holdings in shares of SPDR S&P Global Infrastructure ETF by 775.1% during the 3rd 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 in the last quarter. Finally, Jones Financial Companies Lllp increased its holdings in SPDR S&P Global Infrastructure ETF by 174.1% in the first quarter. Jones Financial Companies Lllp now owns 11,706 shares of the company’s stock valued at $726,000 after buying an additional 7,435 shares in the last quarter.

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.