iShares Global Infrastructure ETF (NASDAQ:IGF) Sets New 12-Month High at $54.65

Shares of iShares Global Infrastructure ETF (NASDAQ:IGF) reached a new 52-week high during trading on Tuesday . The stock traded as high as $54.65 and last traded at $54.46, with a volume of 16736 shares traded. The stock had previously closed at $54.53.

iShares Global Infrastructure ETF Price Performance

The company has a 50-day moving average of $51.30 and a two-hundred day moving average of $49.33. The stock has a market capitalization of $4.03 billion, a PE ratio of 22.20 and a beta of 0.80.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Sanctuary Advisors LLC purchased a new stake in iShares Global Infrastructure ETF during the 2nd quarter worth approximately $6,015,000. Cetera Investment Advisers raised its stake in iShares Global Infrastructure ETF by 3.5% during the second quarter. Cetera Investment Advisers now owns 82,743 shares of the company’s stock worth $3,965,000 after acquiring an additional 2,781 shares during the period. Newport Capital Group LLC bought a new position in iShares Global Infrastructure ETF in the second quarter worth about $406,000. Sunbelt Securities Inc. acquired a new position in iShares Global Infrastructure ETF in the second quarter valued at approximately $239,000. Finally, Northeast Financial Consultants Inc boosted its stake in iShares Global Infrastructure ETF by 79.4% in the second quarter. Northeast Financial Consultants Inc now owns 12,345 shares of the company’s stock valued at $592,000 after acquiring an additional 5,462 shares during the period.

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.