SPDR S&P Global Infrastructure ETF (NYSEARCA:GII) Sees Large Volume Increase – Still a Buy?

Shares of SPDR S&P Global Infrastructure ETF (NYSEARCA:GII) saw unusually-high trading volume on Friday. Approximately 266,634 shares were traded during mid-day trading, an increase of 392% from the average daily volume of 54,196 shares. The stock last traded at $74.5260 and had previously closed at $74.57.

SPDR S&P Global Infrastructure ETF Trading Down 0.1%

The firm has a fifty day simple moving average of $72.55 and a 200-day simple moving average of $74.97. The stock has a market cap of $960.92 million, a price-to-earnings ratio of 20.11 and a beta of 0.61.

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

A hedge fund recently raised its stake in SPDR S&P Global Infrastructure ETF stock. TOWER TRUST & INVESTMENT Co raised its holdings in shares of SPDR S&P Global Infrastructure ETF (NYSEARCA:GII) by 3.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 195,377 shares of the company’s stock after purchasing an additional 7,278 shares during the period. SPDR S&P Global Infrastructure ETF accounts for approximately 7.8% of TOWER TRUST & INVESTMENT Co’s holdings, making the stock its 3rd biggest holding. TOWER TRUST & INVESTMENT Co owned about 1.51% of SPDR S&P Global Infrastructure ETF worth $13,662,000 at the end of the most recent 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. 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.