SPDR S&P Global Infrastructure ETF (NYSEARCA:GII) Sees Unusually-High Trading Volume – Here’s What Happened

SPDR S&P Global Infrastructure ETF (NYSEARCA:GII) saw unusually-strong trading volume on Tuesday . Approximately 111,199 shares traded hands during trading, an increase of 299% from the previous session’s volume of 27,849 shares.The stock last traded at $72.7190 and had previously closed at $72.08.

SPDR S&P Global Infrastructure ETF Trading Up 1.4%

The company’s 50-day simple moving average is $70.45 and its 200 day simple moving average is $69.55. The stock has a market cap of $712.29 million, a P/E ratio of 20.11 and a beta of 0.73.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in GII. Eagle Bay Advisors LLC bought a new stake in shares of SPDR S&P Global Infrastructure ETF in the 4th quarter worth approximately $31,000. Cornerstone Planning Group LLC purchased a new stake in SPDR S&P Global Infrastructure ETF in the 3rd quarter worth about $37,000. Advisors Preferred LLC purchased a new stake in SPDR S&P Global Infrastructure ETF during the second quarter valued at about $46,000. Copia Wealth Management bought a new stake in shares of SPDR S&P Global Infrastructure ETF in the second quarter valued at approximately $49,000. Finally, TOWER TRUST & INVESTMENT Co lifted its stake in shares of SPDR S&P Global Infrastructure ETF by 0.7% during the 3rd quarter. TOWER TRUST & INVESTMENT Co now owns 123,488 shares of the company’s stock valued at $8,593,000 after buying an additional 892 shares in the last quarter.

About SPDR S&P Global Infrastructure ETF

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.