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

FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEARCA:NFRA) gapped down prior to trading 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.

FlexShares STOXX Global Broad Infrastructure Index Fund Stock Down 4.4%

The firm has a market capitalization of $2.86 billion, a P/E ratio of 18.12 and a beta of 0.75. The firm’s 50-day simple moving average is $62.68 and its 200-day simple moving average is $62.21.

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

A number of hedge funds have recently made changes to their positions in the business. Park National Corp OH boosted 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 purchasing an additional 23,917 shares during the last quarter. Bessemer Group Inc. raised its stake in shares of FlexShares STOXX Global Broad Infrastructure Index Fund by 1,147.1% in the third quarter. Bessemer Group Inc. now owns 25,778 shares of the company’s stock worth $1,622,000 after buying an additional 23,711 shares during the period. Transcend Capital Advisors LLC purchased a new position in FlexShares STOXX Global Broad Infrastructure Index Fund during the third quarter valued at approximately $868,000. Whittier Trust Co. bought a new position in FlexShares STOXX Global Broad Infrastructure Index Fund in the 2nd quarter worth $589,000. Finally, CX Institutional grew its position in shares of FlexShares STOXX Global Broad Infrastructure Index Fund by 5.4% during the third quarter. CX Institutional now owns 170,990 shares of the company’s stock worth $10,759,000 after purchasing an additional 8,775 shares in 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.