FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEARCA:NFRA) Sets New 12-Month High – Still a Buy?

FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEARCA:NFRA)’s stock price reached a new 52-week high on Monday . The stock traded as high as $64.26 and last traded at $64.27, with a volume of 19960 shares trading hands. The stock had previously closed at $63.77.

FlexShares STOXX Global Broad Infrastructure Index Fund Stock Performance

The company has a 50 day simple moving average of $61.45 and a two-hundred day simple moving average of $62.18. The company has a market cap of $3.04 billion, a PE ratio of 18.12 and a beta of 0.75.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Steph & Co. grew its holdings in shares of FlexShares STOXX Global Broad Infrastructure Index Fund by 0.3% during the 4th quarter. Steph & Co. now owns 58,710 shares of the company’s stock valued at $3,553,000 after acquiring an additional 199 shares in the last quarter. Transcend Capital Advisors LLC grew its stake in FlexShares STOXX Global Broad Infrastructure Index Fund by 8.0% in the fourth quarter. Transcend Capital Advisors LLC now owns 14,896 shares of the company’s stock valued at $901,000 after purchasing an additional 1,102 shares in the last quarter. Park National Corp OH grew its stake in FlexShares STOXX Global Broad Infrastructure Index Fund by 6.4% in the fourth quarter. Park National Corp OH now owns 71,391 shares of the company’s stock valued at $4,320,000 after purchasing an additional 4,288 shares in the last quarter. JPMorgan Chase & Co. increased its position in FlexShares STOXX Global Broad Infrastructure Index Fund by 1,165.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 835 shares of the company’s stock worth $53,000 after purchasing an additional 769 shares during the last quarter. Finally, Douglass Winthrop Advisors LLC purchased a new stake in shares of FlexShares STOXX Global Broad Infrastructure Index Fund during the 3rd quarter worth about $316,000.

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.