iShares Global Infrastructure ETF (NASDAQ:IGF) Reaches New 1-Year High – Should You Buy?

iShares Global Infrastructure ETF (NASDAQ:IGFGet Free Report) reached a new 52-week high on Thursday . The company traded as high as $61.91 and last traded at $61.85, with a volume of 938968 shares. The stock had previously closed at $61.59.

iShares Global Infrastructure ETF Trading Down 0.5%

The firm’s 50 day moving average is $60.72 and its two-hundred day moving average is $58.51. The stock has a market cap of $8.34 billion, a price-to-earnings ratio of 20.10 and a beta of 0.80.

Hedge Funds Weigh In On iShares Global Infrastructure ETF

A number of institutional investors have recently modified their holdings of IGF. Louisbourg Investments Inc. raised its holdings in iShares Global Infrastructure ETF by 4.4% in the 3rd quarter. Louisbourg Investments Inc. now owns 17,419 shares of the company’s stock valued at $1,065,000 after acquiring an additional 742 shares during the last quarter. First Financial Corp IN acquired a new position in iShares Global Infrastructure ETF in the third quarter valued at $1,012,000. Sincerus Advisory LLC increased its stake in iShares Global Infrastructure ETF by 32.6% in the third quarter. Sincerus Advisory LLC now owns 17,039 shares of the company’s stock valued at $1,041,000 after purchasing an additional 4,193 shares during the last quarter. Balefire LLC increased its stake in iShares Global Infrastructure ETF by 131.5% in the third quarter. Balefire LLC now owns 26,297 shares of the company’s stock valued at $1,607,000 after purchasing an additional 14,936 shares during the last quarter. Finally, Montecito Bank & Trust acquired a new position in iShares Global Infrastructure ETF in the third quarter valued at $565,000.

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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