FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEARCA:NFRA) Trading Down 0.4% – Time to Sell?

Shares of FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEARCA:NFRA) were down 0.4% during mid-day trading on Thursday . The company traded as low as $65.30 and last traded at $65.42. Approximately 47,186 shares changed hands during trading, a decline of 39% from the average daily volume of 77,788 shares. The stock had previously closed at $65.70.

FlexShares STOXX Global Broad Infrastructure Index Fund Trading Down 0.4%

The company has a 50-day simple moving average of $65.28 and a 200 day simple moving average of $64.49. The company has a market cap of $3.01 billion, a P/E ratio of 18.12 and a beta of 0.67.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NFRA. CX Institutional boosted its holdings in shares of FlexShares STOXX Global Broad Infrastructure Index Fund by 6.7% in the fourth quarter. CX Institutional now owns 182,381 shares of the company’s stock valued at $11,036,000 after purchasing an additional 11,391 shares during the period. Steph & Co. increased its holdings in FlexShares STOXX Global Broad Infrastructure Index Fund by 8.5% during the 1st quarter. Steph & Co. now owns 63,688 shares of the company’s stock worth $4,073,000 after purchasing an additional 4,978 shares during the period. Bessemer Group Inc. increased its holdings in FlexShares STOXX Global Broad Infrastructure Index Fund by 56.6% during the 1st quarter. Bessemer Group Inc. now owns 46,432 shares of the company’s stock worth $2,970,000 after purchasing an additional 16,775 shares during the period. Dorsey & Whitney Trust CO LLC raised its position in FlexShares STOXX Global Broad Infrastructure Index Fund by 10.0% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 36,227 shares of the company’s stock valued at $2,192,000 after purchasing an additional 3,294 shares in the last quarter. Finally, Transcend Capital Advisors LLC raised its position in FlexShares STOXX Global Broad Infrastructure Index Fund by 8.0% during the 4th 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.

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.