iShares Global Infrastructure ETF (NASDAQ:IGF) Sees Unusually-High Trading Volume – Should You Buy?

iShares Global Infrastructure ETF (NASDAQ:IGF) saw strong trading volume on Tuesday . 337,950 shares were traded during trading, a decline of 28% from the previous session’s volume of 467,696 shares.The stock last traded at $54.58 and had previously closed at $54.23.

iShares Global Infrastructure ETF Trading Up 1.3 %

The business has a 50-day moving average price of $53.56 and a 200 day moving average price of $52.74. The stock has a market capitalization of $5.24 billion, a P/E ratio of 22.20 and a beta of 0.80.

iShares Global Infrastructure ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Friday, December 20th. Shareholders of record on Tuesday, December 17th were paid a dividend of $0.849 per share. The ex-dividend date was Tuesday, December 17th.

Institutional Trading of iShares Global Infrastructure ETF

A number of institutional investors have recently bought and sold shares of the stock. Renaissance Technologies LLC increased its position in shares of iShares Global Infrastructure ETF by 47.5% during the second quarter. Renaissance Technologies LLC now owns 55,000 shares of the company’s stock worth $2,636,000 after acquiring an additional 17,700 shares during the period. Bank of Montreal Can lifted its position in shares of iShares Global Infrastructure ETF by 55.0% during the second quarter. Bank of Montreal Can now owns 102,370 shares of the company’s stock valued at $4,968,000 after buying an additional 36,333 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in shares of iShares Global Infrastructure ETF by 2.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,835,546 shares of the company’s stock worth $88,159,000 after buying an additional 49,527 shares during the last quarter. Mackenzie Financial Corp raised its stake in shares of iShares Global Infrastructure ETF by 7.3% during the 2nd quarter. Mackenzie Financial Corp now owns 191,771 shares of the company’s stock worth $9,190,000 after acquiring an additional 13,090 shares in the last quarter. Finally, Forefront Analytics LLC lifted its position in iShares Global Infrastructure ETF by 3.8% during the second quarter. Forefront Analytics LLC now owns 109,701 shares of the company’s stock valued at $5,257,000 after acquiring an additional 3,998 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.