PNC Financial Services Group Inc. Sells 56,853 Shares of iShares Global Infrastructure ETF (NASDAQ:IGF)

PNC Financial Services Group Inc. decreased its stake in iShares Global Infrastructure ETF (NASDAQ:IGF) by 5.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 984,727 shares of the company’s stock after selling 56,853 shares during the period. PNC Financial Services Group Inc. owned 1.01% of iShares Global Infrastructure ETF worth $51,472,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Verdence Capital Advisors LLC grew its holdings in shares of iShares Global Infrastructure ETF by 4.9% in the 3rd quarter. Verdence Capital Advisors LLC now owns 5,097 shares of the company’s stock valued at $277,000 after acquiring an additional 237 shares in the last quarter. Moors & Cabot Inc. grew its holdings in shares of iShares Global Infrastructure ETF by 5.5% in the 3rd quarter. Moors & Cabot Inc. now owns 4,818 shares of the company’s stock valued at $262,000 after acquiring an additional 250 shares in the last quarter. Exchange Traded Concepts LLC grew its holdings in shares of iShares Global Infrastructure ETF by 30.5% in the 4th quarter. Exchange Traded Concepts LLC now owns 1,083 shares of the company’s stock valued at $57,000 after acquiring an additional 253 shares in the last quarter. Atria Investments Inc grew its holdings in shares of iShares Global Infrastructure ETF by 5.9% in the 3rd quarter. Atria Investments Inc now owns 4,887 shares of the company’s stock valued at $266,000 after acquiring an additional 274 shares in the last quarter. Finally, Atomi Financial Group Inc. grew its holdings in iShares Global Infrastructure ETF by 4.9% during the fourth quarter. Atomi Financial Group Inc. now owns 6,375 shares of the company’s stock worth $333,000 after purchasing an additional 300 shares during the period.

iShares Global Infrastructure ETF Stock Performance

iShares Global Infrastructure ETF stock opened at $52.96 on Monday. iShares Global Infrastructure ETF has a 52 week low of $45.19 and a 52 week high of $55.79. The stock has a market capitalization of $5.17 billion, a P/E ratio of 18.69 and a beta of 0.80. The stock has a 50-day simple moving average of $53.44 and a 200 day simple moving average of $53.64.

iShares Global Infrastructure ETF Dividend Announcement

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

iShares Global Infrastructure ETF 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.