FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEARCA:NFRA) Sees Large Volume Increase – Should You Buy?

FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEARCA:NFRA) saw an uptick in trading volume on Tuesday . 110,660 shares traded hands during trading, an increase of 47% from the previous session’s volume of 75,426 shares.The stock last traded at $57.50 and had previously closed at $58.02.

FlexShares STOXX Global Broad Infrastructure Index Fund Stock Down 0.3 %

The stock has a market capitalization of $2.39 billion, a price-to-earnings ratio of 20.96 and a beta of 0.64. The business’s 50-day moving average is $58.64 and its two-hundred day moving average is $56.10.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Massmutual Trust Co. FSB ADV purchased a new position in shares of FlexShares STOXX Global Broad Infrastructure Index Fund during the 3rd quarter worth approximately $38,000. Whittier Trust Co. acquired a new position in FlexShares STOXX Global Broad Infrastructure Index Fund during the second quarter worth $120,000. First PREMIER Bank purchased a new position in shares of FlexShares STOXX Global Broad Infrastructure Index Fund during the third quarter worth $218,000. Grove Bank & Trust grew its stake in shares of FlexShares STOXX Global Broad Infrastructure Index Fund by 1,376.0% in the third quarter. Grove Bank & Trust now owns 4,620 shares of the company’s stock valued at $275,000 after buying an additional 4,307 shares in the last quarter. Finally, Bessemer Group Inc. raised its holdings in shares of FlexShares STOXX Global Broad Infrastructure Index Fund by 318.4% in the 1st quarter. Bessemer Group Inc. now owns 8,836 shares of the company’s stock valued at $482,000 after buying an additional 6,724 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.