FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEARCA:NFRA) Trading Down 0.2% – Should You Sell?

FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEARCA:NFRA) shares were down 0.2% during mid-day trading on Wednesday . The company traded as low as $56.08 and last traded at $56.47. Approximately 174,633 shares were traded during trading, an increase of 35% from the average daily volume of 129,477 shares. The stock had previously closed at $56.61.

FlexShares STOXX Global Broad Infrastructure Index Fund Price Performance

The firm has a market capitalization of $2.40 billion, a price-to-earnings ratio of 18.07 and a beta of 0.80. The business has a 50 day moving average of $55.78 and a 200 day moving average of $57.11.

Hedge Funds Weigh In On FlexShares STOXX Global Broad Infrastructure Index Fund

Several hedge funds and other institutional investors have recently modified their holdings of NFRA. Money Design Co. Ltd. lifted its position in FlexShares STOXX Global Broad Infrastructure Index Fund by 44.9% during the 4th quarter. Money Design Co. Ltd. now owns 82,531 shares of the company’s stock worth $4,467,000 after buying an additional 25,558 shares in the last quarter. Flow Traders U.S. LLC lifted its position in shares of FlexShares STOXX Global Broad Infrastructure Index Fund by 272.8% during the third quarter. Flow Traders U.S. LLC now owns 50,199 shares of the company’s stock worth $2,983,000 after purchasing an additional 36,732 shares in the last quarter. Missouri Trust & Investment Co grew its stake in shares of FlexShares STOXX Global Broad Infrastructure Index Fund by 4.4% during the fourth quarter. Missouri Trust & Investment Co now owns 44,368 shares of the company’s stock valued at $2,406,000 after purchasing an additional 1,883 shares during the last quarter. Dorsey & Whitney Trust CO LLC acquired a new stake in shares of FlexShares STOXX Global Broad Infrastructure Index Fund in the fourth quarter valued at approximately $1,786,000. Finally, Bank of New York Mellon Corp raised its position in FlexShares STOXX Global Broad Infrastructure Index Fund by 16.0% in the 4th quarter. Bank of New York Mellon Corp now owns 24,493 shares of the company’s stock worth $1,328,000 after purchasing an additional 3,373 shares during 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.