iShares Global Infrastructure ETF (NASDAQ:IGF) Reaches New 12-Month High – What’s Next?

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

iShares Global Infrastructure ETF Stock Down 0.2 %

The firm has a market capitalization of $4.45 billion, a price-to-earnings ratio of 22.20 and a beta of 0.80. The business has a 50-day moving average of $54.25 and a two-hundred day moving average of $51.52.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Principal Financial Group Inc. raised its stake in shares of iShares Global Infrastructure ETF by 546.8% in 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 in the last quarter. The Manufacturers Life Insurance Company lifted its stake 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 purchasing an additional 40,418 shares during the period. The Manufacturers Life Insurance Company lifted its stake in 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 worth $88,159,000 after purchasing an additional 49,527 shares during the period. US Bancorp DE boosted its holdings in iShares Global Infrastructure ETF by 89.2% during the third quarter. US Bancorp DE now owns 1,696,610 shares of the company’s stock valued at $92,346,000 after purchasing an additional 799,958 shares in the last quarter. Finally, Captrust Financial Advisors raised its holdings in shares of iShares Global Infrastructure ETF by 7,650.8% in the 1st quarter. Captrust Financial Advisors now owns 1,257,407 shares of the company’s stock worth $59,878,000 after buying an additional 1,241,184 shares in 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.