iShares Global Infrastructure ETF (NASDAQ:IGF) Trading Down 0.8%

iShares Global Infrastructure ETF (NASDAQ:IGF – Get Rating)’s share price were down 0.8% during trading on Wednesday . The company traded as low as $46.75 and last traded at $46.82. Approximately 234,850 shares were traded during trading, a decline of 39% from the average daily volume of 387,412 shares. The stock had previously closed at $47.19.

iShares Global Infrastructure ETF Stock Up 0.7 %

The business has a 50 day moving average of $48.35 and a 200 day moving average of $47.67. The company has a market capitalization of $3.75 billion, a P/E ratio of 20.63 and a beta of 0.80.

Institutional Investors Weigh In On iShares Global Infrastructure ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Romano Brothers AND Company purchased a new stake in iShares Global Infrastructure ETF during the fourth quarter valued at approximately $28,000. Arcadia Investment Management Corp MI purchased a new stake in iShares Global Infrastructure ETF during the first quarter valued at approximately $28,000. Money Concepts Capital Corp raised its position in iShares Global Infrastructure ETF by 769.3% during the fourth quarter. Money Concepts Capital Corp now owns 652 shares of the company’s stock valued at $30,000 after purchasing an additional 577 shares during the period. Eagle Bay Advisors LLC purchased a new stake in iShares Global Infrastructure ETF during the second quarter valued at approximately $32,000. Finally, CoreCap Advisors LLC purchased a new stake in iShares Global Infrastructure ETF during the fourth quarter valued at approximately $33,000.

About iShares Global Infrastructure ETF

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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.