FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEARCA:NFRA) Reaches New 52-Week High – Still a Buy?

FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEARCA:NFRA) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $66.71 and last traded at $66.5450, with a volume of 8346 shares trading hands. The stock had previously closed at $66.45.

FlexShares STOXX Global Broad Infrastructure Index Fund Stock Performance

The firm has a market capitalization of $3.11 billion, a price-to-earnings ratio of 18.12 and a beta of 0.75. The business’s 50 day moving average is $61.94 and its 200-day moving average is $62.42.

Institutional Trading of FlexShares STOXX Global Broad Infrastructure Index Fund

Large investors have recently bought and sold shares of the stock. Park National Corp OH lifted its holdings in FlexShares STOXX Global Broad Infrastructure Index Fund by 55.4% in the third quarter. Park National Corp OH now owns 67,103 shares of the company’s stock valued at $4,222,000 after buying an additional 23,917 shares during the period. Bessemer Group Inc. grew its stake in shares of FlexShares STOXX Global Broad Infrastructure Index Fund by 1,147.1% during the 3rd quarter. Bessemer Group Inc. now owns 25,778 shares of the company’s stock worth $1,622,000 after acquiring an additional 23,711 shares in the last quarter. Transcend Capital Advisors LLC acquired a new stake in shares of FlexShares STOXX Global Broad Infrastructure Index Fund in the 3rd quarter valued at approximately $868,000. Rossby Financial LCC bought a new stake in FlexShares STOXX Global Broad Infrastructure Index Fund in the fourth quarter valued at approximately $714,000. Finally, CX Institutional lifted its holdings in shares of FlexShares STOXX Global Broad Infrastructure Index Fund by 6.7% during the fourth quarter. CX Institutional now owns 182,381 shares of the company’s stock worth $11,036,000 after buying an additional 11,391 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.