FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEARCA:NFRA) Shares Down 0.3%

Shares of FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEARCA:NFRA) traded down 0.3% during trading on Tuesday . The company traded as low as $53.10 and last traded at $53.27. 36,386 shares were traded during trading, a decline of 49% from the average session volume of 71,911 shares. The stock had previously closed at $53.44.

FlexShares STOXX Global Broad Infrastructure Index Fund Price Performance

The company’s 50-day simple moving average is $53.62 and its two-hundred day simple moving average is $53.44. The firm has a market capitalization of $2.22 billion, a P/E ratio of 20.96 and a beta of 0.64.

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

A number of institutional investors have recently bought and sold shares of NFRA. Bessemer Group Inc. increased its position 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 worth $482,000 after buying an additional 6,724 shares in the last quarter. Studio Investment Management LLC increased its holdings in FlexShares STOXX Global Broad Infrastructure Index Fund by 152.3% in the 3rd quarter. Studio Investment Management LLC now owns 9,959 shares of the company’s stock worth $482,000 after acquiring an additional 6,011 shares in the last quarter. UMB Bank n.a. raised its stake in FlexShares STOXX Global Broad Infrastructure Index Fund by 16.4% during the 1st quarter. UMB Bank n.a. now owns 16,675 shares of the company’s stock worth $910,000 after acquiring an additional 2,345 shares during the period. Park National Corp OH increased its stake in shares of FlexShares STOXX Global Broad Infrastructure Index Fund by 4.9% in the first quarter. Park National Corp OH now owns 21,143 shares of the company’s stock worth $1,154,000 after purchasing an additional 992 shares in the last quarter. Finally, Steph & Co. raised its position in shares of FlexShares STOXX Global Broad Infrastructure Index Fund by 49.8% during the 4th quarter. Steph & Co. now owns 58,115 shares of the company’s stock valued at $3,109,000 after purchasing an additional 19,330 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.