iShares Global Infrastructure ETF (NASDAQ:IGF) Hits New 12-Month High – Here’s Why

Shares of iShares Global Infrastructure ETF (NASDAQ:IGF) reached a new 52-week high during trading on Friday . The stock traded as high as $55.52 and last traded at $55.51, with a volume of 34960 shares. The stock had previously closed at $55.34.

iShares Global Infrastructure ETF Trading Down 0.2 %

The stock has a market capitalization of $4.45 billion, a P/E ratio of 22.20 and a beta of 0.80. The stock’s fifty day moving average price is $54.21 and its two-hundred day moving average price is $51.46.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Principal Financial Group Inc. raised its holdings in iShares Global Infrastructure ETF by 546.8% during the 3rd quarter. Principal Financial Group Inc. now owns 2,183,166 shares of the company’s stock valued at $118,830,000 after buying an additional 1,845,625 shares during the last quarter. Captrust Financial Advisors raised its stake 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 acquiring an additional 1,241,184 shares during the last quarter. US Bancorp DE grew its stake in shares of iShares Global Infrastructure ETF by 89.2% in the third quarter. US Bancorp DE now owns 1,696,610 shares of the company’s stock worth $92,346,000 after purchasing an additional 799,958 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of iShares Global Infrastructure ETF by 211.9% in the second quarter. Bank of New York Mellon Corp now owns 432,560 shares of the company’s stock worth $20,728,000 after purchasing an additional 293,894 shares during the last quarter. Finally, Jane Street Group LLC increased its holdings in iShares Global Infrastructure ETF by 288.8% during the 1st quarter. Jane Street Group LLC now owns 390,079 shares of the company’s stock valued at $18,576,000 after purchasing an additional 289,762 shares during the period.

iShares Global Infrastructure ETF Company Profile

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.