Montecito Bank & Trust Trims Stock Position in iShares Global Infrastructure ETF (NASDAQ:IGF)

Montecito Bank & Trust trimmed its holdings in shares of iShares Global Infrastructure ETF (NASDAQ:IGF) by 2.6% in the fourth quarter, HoldingsChannel reports. The firm owned 10,468 shares of the company’s stock after selling 284 shares during the period. Montecito Bank & Trust’s holdings in iShares Global Infrastructure ETF were worth $547,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of IGF. Principal Financial Group Inc. boosted its stake in shares of 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 worth $118,830,000 after purchasing an additional 1,845,625 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in iShares Global Infrastructure ETF by 2.2% during the third quarter. The Manufacturers Life Insurance Company now owns 1,875,964 shares of the company’s stock worth $102,109,000 after acquiring an additional 40,418 shares during the last quarter. US Bancorp DE grew its stake in iShares Global Infrastructure ETF by 89.2% in the 3rd quarter. US Bancorp DE now owns 1,696,610 shares of the company’s stock worth $92,346,000 after acquiring an additional 799,958 shares during the period. JPMorgan Chase & Co. raised its holdings in iShares Global Infrastructure ETF by 9.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 510,359 shares of the company’s stock valued at $27,779,000 after acquiring an additional 42,810 shares during the last quarter. Finally, Money Design Co. Ltd. lifted its stake in shares of iShares Global Infrastructure ETF by 1.7% during the 3rd quarter. Money Design Co. Ltd. now owns 497,630 shares of the company’s stock worth $27,086,000 after purchasing an additional 8,098 shares during the period.

iShares Global Infrastructure ETF Stock Up 0.3 %

IGF stock opened at $54.51 on Friday. The stock has a market capitalization of $5.20 billion, a price-to-earnings ratio of 22.20 and a beta of 0.80. The stock’s fifty day simple moving average is $53.64 and its 200-day simple moving average is $52.84. iShares Global Infrastructure ETF has a 52-week low of $43.84 and a 52-week high of $55.79.

iShares Global Infrastructure ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, December 20th. Shareholders of record on Tuesday, December 17th were issued a $0.849 dividend. The ex-dividend date was Tuesday, December 17th.

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.