SPDR S&P Global Infrastructure ETF (NYSEARCA:GII) Stock Crosses Below 50-Day Moving Average – What’s Next?

Shares of SPDR S&P Global Infrastructure ETF (NYSEARCA:GII) crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $75.64 and traded as low as $75.39. SPDR S&P Global Infrastructure ETF shares last traded at $76.02, with a volume of 26,098 shares trading hands.

SPDR S&P Global Infrastructure ETF Stock Up 0.7%

The firm has a market capitalization of $745.00 million, a P/E ratio of 20.11 and a beta of 0.73. The company has a fifty day simple moving average of $75.64 and a 200 day simple moving average of $72.06.

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

Hedge funds have recently bought and sold shares of the company. Eagle Bay Advisors LLC bought a new position in SPDR S&P Global Infrastructure ETF in the 4th quarter worth about $31,000. Cornerstone Planning Group LLC bought a new stake in SPDR S&P Global Infrastructure ETF during the 3rd quarter valued at about $37,000. Parallel Advisors LLC raised its holdings in SPDR S&P Global Infrastructure ETF by 168.7% in the fourth quarter. Parallel Advisors LLC now owns 806 shares of the company’s stock worth $56,000 after buying an additional 506 shares during the last quarter. Copia Wealth Management raised its holdings in SPDR S&P Global Infrastructure ETF by 18.5% in the fourth quarter. Copia Wealth Management now owns 1,012 shares of the company’s stock worth $71,000 after buying an additional 158 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of SPDR S&P Global Infrastructure ETF by 775.1% in the third quarter. JPMorgan Chase & Co. now owns 10,046 shares of the company’s stock worth $699,000 after buying an additional 8,898 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. 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.