iShares International Developed Real Estate ETF (NASDAQ:IFGL) Trading Down 0.7% – Here’s Why

Shares of iShares International Developed Real Estate ETF (NASDAQ:IFGL) fell 0.7% on Monday . The stock traded as low as $22.95 and last traded at $22.9450. 9,702 shares changed hands during trading, a decline of 49% from the average session volume of 19,098 shares. The stock had previously closed at $23.11.

iShares International Developed Real Estate ETF Price Performance

The company’s 50-day moving average is $22.94 and its 200-day moving average is $22.70. The firm has a market capitalization of $94.42 million, a price-to-earnings ratio of 20.34 and a beta of 0.86.

iShares International Developed Real Estate ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Tuesday, September 16th were given a $0.1797 dividend. This represents a $0.72 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Tuesday, September 16th.

Hedge Funds Weigh In On iShares International Developed Real Estate ETF

An institutional investor recently bought a new position in iShares International Developed Real Estate ETF stock. Flow Traders U.S. LLC bought a new stake in shares of iShares International Developed Real Estate ETF (NASDAQ:IFGL) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 141,026 shares of the company’s stock, valued at approximately $2,782,000. Flow Traders U.S. LLC owned approximately 3.13% of iShares International Developed Real Estate ETF at the end of the most recent quarter.

iShares International Developed Real Estate ETF Company Profile

The iShares International Developed Real Estate ETF (IFGL) is an exchange-traded fund that is based on the FTSE EPRA Nareit Developed x US index, a market-cap-weighted index of companies that own or develop real estate throughout the developed world, excluding the United States. IFGL was launched on Nov 12, 2007 and is managed by BlackRock.