iShares Global Infrastructure ETF (NASDAQ:IGF) Stock Cross Above Two Hundred Day Moving Average – What’s Next?

iShares Global Infrastructure ETF (NASDAQ:IGF) crossed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $65.97 and traded as high as $66.42. iShares Global Infrastructure ETF shares last traded at $66.31, with a volume of 547,626 shares traded.

iShares Global Infrastructure ETF Price Performance

The company has a 50-day simple moving average of $63.83 and a two-hundred day simple moving average of $65.97. The stock has a market capitalization of $10.98 billion, a price-to-earnings ratio of 20.10 and a beta of 0.61.

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. BlueChip Wealth Advisors LLC lifted its holdings in iShares Global Infrastructure ETF by 3.6% during the 1st quarter. BlueChip Wealth Advisors LLC now owns 4,256 shares of the company’s stock worth $285,000 after buying an additional 149 shares in the last quarter. NewEdge Advisors LLC boosted its position in shares of iShares Global Infrastructure ETF by 1.4% during the first quarter. NewEdge Advisors LLC now owns 11,610 shares of the company’s stock worth $778,000 after buying an additional 159 shares during the period. Choreo LLC increased its position in shares of iShares Global Infrastructure ETF by 4.3% in the third quarter. Choreo LLC now owns 4,042 shares of the company’s stock valued at $249,000 after acquiring an additional 168 shares during the last quarter. Waverly Advisors LLC lifted its position in shares of iShares Global Infrastructure ETF by 1.4% in the first quarter. Waverly Advisors LLC now owns 12,479 shares of the company’s stock valued at $836,000 after buying an additional 169 shares during the last quarter. Finally, Quadrant Private Wealth Management LLC increased its stake in shares of iShares Global Infrastructure ETF by 3.5% during the first quarter. Quadrant Private Wealth Management LLC now owns 5,603 shares of the company’s stock worth $375,000 after purchasing an additional 191 shares during the period.

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.