FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEARCA:NFRA) Sees Large Volume Increase – Should You Buy?

FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEARCA:NFRA) shares saw strong trading volume on Tuesday . 110,660 shares changed hands during mid-day trading, an increase of 47% from the previous session’s volume of 75,426 shares.The stock last traded at $57.50 and had previously closed at $58.02.

FlexShares STOXX Global Broad Infrastructure Index Fund Trading Down 1.1 %

The stock’s 50-day moving average price is $58.65 and its 200-day moving average price is $56.07. The stock has a market cap of $2.39 billion, a price-to-earnings ratio of 20.96 and a beta of 0.64.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of NFRA. Bessemer Group Inc. grew its stake in 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 valued at $482,000 after purchasing an additional 6,724 shares during the last quarter. Whittier Trust Co. acquired a new stake in FlexShares STOXX Global Broad Infrastructure Index Fund during the 2nd quarter worth approximately $120,000. Studio Investment Management LLC lifted its holdings in shares of FlexShares STOXX Global Broad Infrastructure Index Fund by 15.2% in the second quarter. Studio Investment Management LLC now owns 20,191 shares of the company’s stock valued at $1,074,000 after purchasing an additional 2,667 shares in the last quarter. Park National Corp OH lifted its holdings in shares of FlexShares STOXX Global Broad Infrastructure Index Fund by 28.5% during the 3rd quarter. Park National Corp OH now owns 27,131 shares of the company’s stock worth $1,612,000 after acquiring an additional 6,021 shares during the period. Finally, Massmutual Trust Co. FSB ADV purchased a new stake in FlexShares STOXX Global Broad Infrastructure Index Fund during the 3rd quarter worth approximately $38,000.

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.