iShares Global Infrastructure ETF (NASDAQ:IGF) Reaches New 52-Week High – Here’s Why

Shares of iShares Global Infrastructure ETF (NASDAQ:IGFGet Free Report) reached a new 52-week high during trading on Friday . The company traded as high as $61.77 and last traded at $61.71, with a volume of 169682 shares traded. The stock had previously closed at $61.24.

iShares Global Infrastructure ETF Stock Performance

The business’s 50 day moving average is $60.47 and its 200 day moving average is $58.29. The company has a market capitalization of $8.42 billion, a price-to-earnings ratio of 20.10 and a beta of 0.80.

Institutional Trading of iShares Global Infrastructure ETF

A number of institutional investors have recently bought and sold shares of IGF. Wealth Enhancement Advisory Services LLC boosted its stake in iShares Global Infrastructure ETF by 13.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 10,793 shares of the company’s stock worth $564,000 after purchasing an additional 1,242 shares in the last quarter. Simplicity Wealth LLC acquired a new stake in iShares Global Infrastructure ETF during the 1st quarter valued at approximately $352,000. CX Institutional lifted its stake in iShares Global Infrastructure ETF by 255.7% during the 1st quarter. CX Institutional now owns 256,191 shares of the company’s stock valued at $14,006,000 after acquiring an additional 184,175 shares during the period. GEN Financial Management INC. acquired a new stake in iShares Global Infrastructure ETF during the 1st quarter valued at approximately $299,000. Finally, Exchange Traded Concepts LLC lifted its stake in iShares Global Infrastructure ETF by 105.4% during the 1st quarter. Exchange Traded Concepts LLC now owns 2,225 shares of the company’s stock valued at $122,000 after acquiring an additional 1,142 shares during the period.

About iShares Global Infrastructure ETF

(Get Free Report)

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.

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