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

Shares of iShares Global Infrastructure ETF (NASDAQ:IGF) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $55.94 and last traded at $55.68, with a volume of 93758 shares trading hands. The stock had previously closed at $55.39.

iShares Global Infrastructure ETF Stock Performance

The company has a fifty day simple moving average of $53.79 and a two-hundred day simple moving average of $53.86. The stock has a market capitalization of $5.78 billion, a price-to-earnings ratio of 19.68 and a beta of 0.80.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC grew its stake in shares of iShares Global Infrastructure ETF by 13.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 10,793 shares of the company’s stock worth $564,000 after buying an additional 1,242 shares during the last quarter. Comprehensive Money Management Services LLC acquired a new position in iShares Global Infrastructure ETF in the 4th quarter worth about $549,000. Sunbeam Capital Management LLC bought a new position in iShares Global Infrastructure ETF in the fourth quarter valued at about $490,000. Nepc LLC boosted its stake in shares of iShares Global Infrastructure ETF by 18.0% during the fourth quarter. Nepc LLC now owns 691,199 shares of the company’s stock valued at $36,129,000 after purchasing an additional 105,313 shares in the last quarter. Finally, Pathstone Holdings LLC grew its holdings in shares of iShares Global Infrastructure ETF by 132.0% during the fourth quarter. Pathstone Holdings LLC now owns 407,595 shares of the company’s stock worth $21,305,000 after purchasing an additional 231,872 shares during the last quarter.

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.