FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEARCA:NFRA) Stock Price Down 0.5% – Time to Sell?

FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEARCA:NFRA)’s stock price fell 0.5% during mid-day trading on Thursday . The company traded as low as $59.18 and last traded at $59.29. 36,385 shares traded hands during mid-day trading, a decline of 53% from the average session volume of 76,901 shares. The stock had previously closed at $59.58.

FlexShares STOXX Global Broad Infrastructure Index Fund Stock Performance

The company has a fifty day moving average price of $58.24 and a 200-day moving average price of $55.40. The firm has a market capitalization of $2.47 billion, a PE ratio of 20.96 and a beta of 0.64.

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

A number of hedge funds have recently bought and sold shares of the business. Steph & Co. increased its holdings in shares of FlexShares STOXX Global Broad Infrastructure Index Fund by 5.7% in the 1st quarter. Steph & Co. now owns 61,450 shares of the company’s stock worth $3,354,000 after buying an additional 3,335 shares during the last quarter. Park National Corp OH raised its position in FlexShares STOXX Global Broad Infrastructure Index Fund by 28.5% during the third quarter. Park National Corp OH now owns 27,131 shares of the company’s stock valued at $1,612,000 after purchasing an additional 6,021 shares during the period. Studio Investment Management LLC lifted its stake in shares of FlexShares STOXX Global Broad Infrastructure Index Fund by 15.2% in the 2nd 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 during the last quarter. Bessemer Group Inc. lifted its stake in shares of FlexShares STOXX Global Broad Infrastructure Index Fund by 318.4% in the 1st 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. Finally, Grove Bank & Trust boosted its holdings in shares of FlexShares STOXX Global Broad Infrastructure Index Fund by 1,376.0% in the 3rd 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.

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.