FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEARCA:NFRA) Shares Gap Down – Time to Sell?

by · The Cerbat Gem

FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEARCA:NFRA – Get Free Report)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $62.59, but opened at $60.01. FlexShares STOXX Global Broad Infrastructure Index Fund shares last traded at $60.1550, with a volume of 11,102 shares changing hands.

FlexShares STOXX Global Broad Infrastructure Index Fund Stock Down 3.9%

The firm has a market cap of $2.88 billion, a price-to-earnings ratio of 18.12 and a beta of 0.75. The company has a 50-day moving average price of $62.73 and a 200 day moving average price of $62.22.

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

Hedge funds have recently modified their holdings of the stock. Flow Traders U.S. LLC acquired a new position in FlexShares STOXX Global Broad Infrastructure Index Fund in the 1st quarter worth about $4,794,000. Park National Corp OH increased 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 worth $4,222,000 after buying an additional 23,917 shares during the last quarter. Bessemer Group Inc. raised its position in FlexShares STOXX Global Broad Infrastructure Index Fund by 1,147.1% during the third quarter. Bessemer Group Inc. now owns 25,778 shares of the company’s stock valued at $1,622,000 after acquiring an additional 23,711 shares in the last quarter. Transcend Capital Advisors LLC acquired a new stake in FlexShares STOXX Global Broad Infrastructure Index Fund in the third quarter valued at approximately $868,000. Finally, Whittier Trust Co. bought a new stake in FlexShares STOXX Global Broad Infrastructure Index Fund in the second quarter worth approximately $589,000.

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.

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