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

iShares Global Infrastructure ETF (NASDAQ:IGF) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $69.17 and last traded at $69.02, with a volume of 138178 shares. The stock had previously closed at $68.56.

iShares Global Infrastructure ETF Price Performance

The stock has a market cap of $10.13 billion, a price-to-earnings ratio of 20.10 and a beta of 0.73. The firm’s 50-day moving average is $63.80 and its 200 day moving average is $62.19.

iShares Global Infrastructure ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, December 19th. Stockholders of record on Tuesday, December 16th were issued a dividend of $0.9956 per share. The ex-dividend date was Tuesday, December 16th.

Institutional Investors Weigh In On iShares Global Infrastructure ETF

A number of institutional investors have recently added to or reduced their stakes in IGF. Trust Co. of Vermont purchased a new position in iShares Global Infrastructure ETF in the fourth quarter valued at approximately $25,000. Rice Partnership LLC purchased a new stake in iShares Global Infrastructure ETF during the 4th quarter worth $25,000. Aptus Capital Advisors LLC acquired a new stake in iShares Global Infrastructure ETF in the 3rd quarter valued at $25,000. Quent Capital LLC purchased a new stake in shares of iShares Global Infrastructure ETF during the 3rd quarter valued at about $27,000. Finally, Accordant Advisory Group Inc acquired a new position in iShares Global Infrastructure ETF during the 3rd quarter worth approximately $32,000.

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.