iShares Global Infrastructure ETF (NASDAQ:IGF) Hits New 12-Month High – What’s Next?

iShares Global Infrastructure ETF (NASDAQ:IGF) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $68.76 and last traded at $68.59, with a volume of 34076 shares. The stock had previously closed at $67.39.

iShares Global Infrastructure ETF Stock Performance

The stock has a 50 day moving average of $63.26 and a two-hundred day moving average of $61.95. The firm has a market capitalization of $9.92 billion, a P/E ratio of 20.10 and a beta of 0.73.

iShares Global Infrastructure ETF Dividend Announcement

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

Institutional Trading of iShares Global Infrastructure ETF

Several hedge funds have recently added to or reduced their stakes in IGF. Balefire LLC raised its position in iShares Global Infrastructure ETF by 131.5% in the 3rd quarter. Balefire LLC now owns 26,297 shares of the company’s stock worth $1,607,000 after purchasing an additional 14,936 shares during the last quarter. Evergreen Capital Management LLC raised its position in shares of iShares Global Infrastructure ETF by 676.8% during the third quarter. Evergreen Capital Management LLC now owns 37,510 shares of the company’s stock worth $2,293,000 after acquiring an additional 32,681 shares during the last quarter. Barings LLC acquired a new position in shares of iShares Global Infrastructure ETF during the second quarter valued at $1,914,000. Forefront Wealth Partners LLC bought a new position in iShares Global Infrastructure ETF in the third quarter valued at about $4,302,000. Finally, Commonwealth Equity Services LLC increased its position in iShares Global Infrastructure ETF by 21.2% in the third quarter. Commonwealth Equity Services LLC now owns 83,161 shares of the company’s stock worth $5,083,000 after purchasing an additional 14,537 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.