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

Shares of iShares Global Infrastructure ETF (NASDAQ:IGF) reached a new 52-week high on Monday . The company traded as high as $54.85 and last traded at $54.77, with a volume of 704866 shares traded. The stock had previously closed at $54.42.

iShares Global Infrastructure ETF Price Performance

The firm has a market cap of $4.30 billion, a price-to-earnings ratio of 22.20 and a beta of 0.80. The business’s 50-day moving average price is $52.58 and its two-hundred day moving average price is $50.08.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. 1832 Asset Management L.P. lifted its holdings in iShares Global Infrastructure ETF by 2.6% in the first quarter. 1832 Asset Management L.P. now owns 2,525,060 shares of the company’s stock worth $120,243,000 after acquiring an additional 64,867 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of iShares Global Infrastructure ETF by 2.8% during the second quarter. The Manufacturers Life Insurance Company now owns 1,835,546 shares of the company’s stock valued at $88,159,000 after buying an additional 49,527 shares during the last quarter. Captrust Financial Advisors raised its holdings in shares of iShares Global Infrastructure ETF by 7,650.8% during the first quarter. Captrust Financial Advisors now owns 1,257,407 shares of the company’s stock valued at $59,878,000 after buying an additional 1,241,184 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of iShares Global Infrastructure ETF by 12.8% during the first quarter. Principal Financial Group Inc. now owns 687,291 shares of the company’s stock valued at $32,729,000 after buying an additional 78,225 shares during the last quarter. Finally, Nepc LLC raised its holdings in shares of iShares Global Infrastructure ETF by 61.9% during the first quarter. Nepc LLC now owns 585,886 shares of the company’s stock valued at $27,900,000 after buying an additional 224,077 shares during the last quarter.

About iShares Global Infrastructure ETF

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.