FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEARCA:NFRA) Sees Unusually-High Trading Volume – Still a Buy?

FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEARCA:NFRA) shares saw strong trading volume on Tuesday . 296,323 shares traded hands during trading, an increase of 251% from the previous session’s volume of 84,539 shares.The stock last traded at $53.77 and had previously closed at $53.99.

FlexShares STOXX Global Broad Infrastructure Index Fund Stock Down 0.9 %

The stock has a market capitalization of $2.25 billion, a PE ratio of 18.03 and a beta of 0.80. The stock’s 50-day moving average is $56.67 and its 200 day moving average is $56.93.

Institutional Investors Weigh In On FlexShares STOXX Global Broad Infrastructure Index Fund

A number of institutional investors and hedge funds have recently made changes to their positions in NFRA. Dorsey & Whitney Trust CO LLC bought a new position in FlexShares STOXX Global Broad Infrastructure Index Fund in the fourth quarter valued at approximately $1,786,000. Money Design Co. Ltd. grew its holdings in FlexShares STOXX Global Broad Infrastructure Index Fund by 44.9% during the fourth quarter. Money Design Co. Ltd. now owns 82,531 shares of the company’s stock worth $4,467,000 after purchasing an additional 25,558 shares during the period. Grove Bank & Trust raised its stake in FlexShares STOXX Global Broad Infrastructure Index Fund by 105.4% in the fourth quarter. Grove Bank & Trust now owns 9,489 shares of the company’s stock valued at $515,000 after buying an additional 4,869 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of FlexShares STOXX Global Broad Infrastructure Index Fund by 16.0% during the 4th quarter. Bank of New York Mellon Corp now owns 24,493 shares of the company’s stock worth $1,328,000 after acquiring an additional 3,373 shares during the period. Finally, Park National Corp OH increased its holdings in shares of FlexShares STOXX Global Broad Infrastructure Index Fund by 8.8% during the 1st quarter. Park National Corp OH now owns 29,519 shares of the company’s stock worth $1,701,000 after acquiring an additional 2,400 shares during the last quarter.

About FlexShares STOXX Global Broad Infrastructure Index Fund

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.