FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEARCA:NFRA) Trading Up 0.6% – Still a Buy?

Shares of FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEARCA:NFRA) traded up 0.6% during trading on Tuesday . The stock traded as high as $56.81 and last traded at $56.80. Approximately 54,120 shares changed hands during mid-day trading, a decline of 63% from the average daily volume of 146,491 shares. The stock had previously closed at $56.44.

FlexShares STOXX Global Broad Infrastructure Index Fund Stock Performance

The company has a market capitalization of $2.37 billion, a price-to-earnings ratio of 20.96 and a beta of 0.64. The company has a fifty day simple moving average of $55.23 and a two-hundred day simple moving average of $57.02.

Hedge Funds Weigh In On FlexShares STOXX Global Broad Infrastructure Index Fund

Several large investors have recently added to or reduced their stakes in NFRA. Money Design Co. Ltd. grew its holdings in FlexShares STOXX Global Broad Infrastructure Index Fund by 44.9% in the 4th quarter. Money Design Co. Ltd. now owns 82,531 shares of the company’s stock valued at $4,467,000 after buying an additional 25,558 shares during the period. Flow Traders U.S. LLC grew its holdings in FlexShares STOXX Global Broad Infrastructure Index Fund by 272.8% in the third quarter. Flow Traders U.S. LLC now owns 50,199 shares of the company’s stock valued at $2,983,000 after purchasing an additional 36,732 shares during the period. Missouri Trust & Investment Co increased its position in FlexShares STOXX Global Broad Infrastructure Index Fund by 4.4% during the fourth quarter. Missouri Trust & Investment Co now owns 44,368 shares of the company’s stock worth $2,406,000 after purchasing an additional 1,883 shares during the last quarter. Dorsey & Whitney Trust CO LLC purchased a new position in FlexShares STOXX Global Broad Infrastructure Index Fund during the fourth quarter worth approximately $1,786,000. Finally, Bank of New York Mellon Corp raised its stake in FlexShares STOXX Global Broad Infrastructure Index Fund by 16.0% during the fourth quarter. Bank of New York Mellon Corp now owns 24,493 shares of the company’s stock worth $1,328,000 after purchasing an additional 3,373 shares during the period.

FlexShares STOXX Global Broad Infrastructure Index Fund Company Profile

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.