FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEARCA:NFRA) Shares Up 0.9%

FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEARCA:NFRA)’s share price rose 0.9% during mid-day trading on Thursday . The company traded as high as $54.27 and last traded at $54.25. Approximately 277,590 shares were traded during mid-day trading, an increase of 239% from the average daily volume of 81,791 shares. The stock had previously closed at $53.77.

FlexShares STOXX Global Broad Infrastructure Index Fund Price Performance

The firm has a market capitalization of $2.26 billion, a PE ratio of 20.14 and a beta of 0.74. The company’s fifty day simple moving average is $53.42 and its 200 day simple moving average is $52.46.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of NFRA. Bank of New York Mellon Corp boosted its holdings in shares of FlexShares STOXX Global Broad Infrastructure Index Fund by 269.5% in the third quarter. Bank of New York Mellon Corp now owns 27,444 shares of the company’s stock worth $1,329,000 after acquiring an additional 20,017 shares during the period. NBC Securities Inc. purchased a new position in FlexShares STOXX Global Broad Infrastructure Index Fund during the 3rd quarter valued at about $120,000. Studio Investment Management LLC increased its position in shares of FlexShares STOXX Global Broad Infrastructure Index Fund by 152.3% during the third quarter. Studio Investment Management LLC now owns 9,959 shares of the company’s stock valued at $482,000 after buying an additional 6,011 shares during the period. Steph & Co. lifted its holdings in shares of FlexShares STOXX Global Broad Infrastructure Index Fund by 49.8% in the fourth quarter. Steph & Co. now owns 58,115 shares of the company’s stock worth $3,109,000 after buying an additional 19,330 shares in the last quarter. Finally, Park National Corp OH boosted its position in shares of FlexShares STOXX Global Broad Infrastructure Index Fund by 4.9% in the first quarter. Park National Corp OH now owns 21,143 shares of the company’s stock valued at $1,154,000 after acquiring an additional 992 shares during the period.

About FlexShares STOXX Global Broad Infrastructure Index Fund

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.