SPDR S&P Global Infrastructure ETF (NYSEARCA:GII) Sees Large Volume Increase – Here’s Why

SPDR S&P Global Infrastructure ETF (NYSEARCA:GII) saw unusually-strong trading volume on Wednesday . Approximately 102,220 shares changed hands during trading, an increase of 241% from the previous session’s volume of 30,004 shares.The stock last traded at $70.2090 and had previously closed at $70.18.

SPDR S&P Global Infrastructure ETF Price Performance

The company has a market capitalization of $635.04 million, a price-to-earnings ratio of 20.11 and a beta of 0.73. The firm has a fifty day simple moving average of $70.32 and a 200 day simple moving average of $68.64.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in GII. Cornerstone Planning Group LLC acquired a new stake in shares of SPDR S&P Global Infrastructure ETF in the third quarter valued at about $37,000. Advisors Preferred LLC purchased a new position in SPDR S&P Global Infrastructure ETF in the 2nd quarter valued at about $46,000. Copia Wealth Management acquired a new stake in SPDR S&P Global Infrastructure ETF in the 2nd quarter worth about $49,000. JPMorgan Chase & Co. boosted its holdings in SPDR S&P Global Infrastructure ETF by 775.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 10,046 shares of the company’s stock worth $699,000 after buying an additional 8,898 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its stake in SPDR S&P Global Infrastructure ETF by 174.1% during the 1st quarter. Jones Financial Companies Lllp now owns 11,706 shares of the company’s stock worth $726,000 after buying an additional 7,435 shares in 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.