FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEARCA:NFRA) Shares Up 0.5% – Time to Buy?

Posted by Trent Williams on Nov 7th, 2024

FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEARCA:NFRA – Get Free Report) rose 0.5% on Thursday . The stock traded as high as $58.07 and last traded at $57.97. Approximately 55,452 shares changed hands during mid-day trading, a decline of 27% from the average daily volume of 75,622 shares. The stock had previously closed at $57.69.

FlexShares STOXX Global Broad Infrastructure Index Fund Stock Performance

The business has a 50 day moving average of $58.65 and a 200-day moving average of $55.93. The company has a market capitalization of $2.42 billion, a P/E ratio of 20.96 and a beta of 0.64.

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

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Massmutual Trust Co. FSB ADV bought a new position in shares of FlexShares STOXX Global Broad Infrastructure Index Fund in the third quarter valued at approximately $38,000. Whittier Trust Co. bought a new position in FlexShares STOXX Global Broad Infrastructure Index Fund in the 2nd quarter valued at $120,000. First PREMIER Bank purchased a new position in shares of FlexShares STOXX Global Broad Infrastructure Index Fund during the 3rd quarter valued at $218,000. Grove Bank & Trust increased its holdings in shares of FlexShares STOXX Global Broad Infrastructure Index Fund by 1,376.0% in the third quarter. Grove Bank & Trust now owns 4,620 shares of the company’s stock worth $275,000 after purchasing an additional 4,307 shares during the period. Finally, Bessemer Group Inc. increased its holdings in shares of FlexShares STOXX Global Broad Infrastructure Index Fund by 318.4% in the first quarter. Bessemer Group Inc. now owns 8,836 shares of the company’s stock worth $482,000 after purchasing an additional 6,724 shares during the period.

FlexShares STOXX Global Broad Infrastructure Index Fund Company Profile

(Get Free Report)

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.