iShares Global Infrastructure ETF (NASDAQ:IGF) Sets New 12-Month High – Should You Buy?

by · The Cerbat Gem

iShares Global Infrastructure ETF (NASDAQ:IGF – Get Free Report)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $62.71 and last traded at $62.63, with a volume of 318605 shares changing hands. The stock had previously closed at $62.17.

iShares Global Infrastructure ETF Trading Up 0.9%

The firm has a market cap of $8.73 billion, a price-to-earnings ratio of 20.10 and a beta of 0.73. The business’s 50-day simple moving average is $61.47 and its two-hundred day simple moving average is $60.10.

Institutional Trading of iShares Global Infrastructure ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in IGF. Northern Trust Corp increased its position in iShares Global Infrastructure ETF by 13.0% during the 3rd quarter. Northern Trust Corp now owns 32,269,755 shares of the company’s stock valued at $1,972,327,000 after buying an additional 3,701,749 shares in the last quarter. Ballentine Partners LLC boosted its stake in iShares Global Infrastructure ETF by 695.2% during the 2nd quarter. Ballentine Partners LLC now owns 2,299,155 shares of the company’s stock valued at $136,110,000 after purchasing an additional 2,010,033 shares during the last quarter. Assetmark Inc. increased its holdings in shares of iShares Global Infrastructure ETF by 1,677,250.0% in the 2nd quarter. Assetmark Inc. now owns 1,408,974 shares of the company’s stock worth $83,411,000 after purchasing an additional 1,408,890 shares in the last quarter. Symphony Financial Ltd. Co. raised its stake in shares of iShares Global Infrastructure ETF by 6,931.3% in the second quarter. Symphony Financial Ltd. Co. now owns 959,345 shares of the company’s stock worth $56,772,000 after purchasing an additional 945,701 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in shares of iShares Global Infrastructure ETF by 140.0% in the second quarter. Bank of America Corp DE now owns 918,485 shares of the company’s stock worth $54,374,000 after purchasing an additional 535,717 shares during the last quarter.

About iShares Global Infrastructure ETF

(Get Free Report)

The iShares Global Infrastructure ETF (IGF) is an exchange-traded fund that is based on the S&P Global Infrastructure index, a market-cap-weighted index of global infrastructure companies. IGF was launched on Dec 10, 2007 and is managed by BlackRock.

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