iShares Global Infrastructure ETF (NASDAQ:IGF) Sees Large Volume Increase – What’s Next?

Shares of iShares Global Infrastructure ETF (NASDAQ:IGF) saw strong trading volume on Thursday . 369,598 shares were traded during trading, a decline of 5% from the previous session’s volume of 390,274 shares.The stock last traded at $55.00 and had previously closed at $54.73.

iShares Global Infrastructure ETF Stock Performance

The stock has a fifty day simple moving average of $54.21 and a 200-day simple moving average of $51.46. The stock has a market cap of $4.45 billion, a P/E ratio of 22.20 and a beta of 0.80.

Hedge Funds Weigh In On iShares Global Infrastructure ETF

A number of large investors have recently modified their holdings of the business. Principal Financial Group Inc. boosted its stake in shares of iShares Global Infrastructure ETF by 546.8% during the 3rd quarter. Principal Financial Group Inc. now owns 2,183,166 shares of the company’s stock worth $118,830,000 after buying an additional 1,845,625 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in iShares Global Infrastructure ETF by 2.2% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,875,964 shares of the company’s stock valued at $102,109,000 after purchasing an additional 40,418 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in iShares Global Infrastructure ETF by 2.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,835,546 shares of the company’s stock valued at $88,159,000 after purchasing an additional 49,527 shares during the last quarter. US Bancorp DE lifted its stake in iShares Global Infrastructure ETF by 89.2% in the 3rd quarter. US Bancorp DE now owns 1,696,610 shares of the company’s stock valued at $92,346,000 after purchasing an additional 799,958 shares during the last quarter. Finally, Captrust Financial Advisors lifted its stake in iShares Global Infrastructure ETF by 7,650.8% in the 1st quarter. Captrust Financial Advisors now owns 1,257,407 shares of the company’s stock valued at $59,878,000 after purchasing an additional 1,241,184 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.