iShares Global Infrastructure ETF (NASDAQ:IGF) Sees Strong Trading Volume – Here’s What Happened

iShares Global Infrastructure ETF (NASDAQ:IGF) shares saw unusually-high trading volume on Tuesday . Approximately 337,950 shares changed hands during mid-day trading, a decline of 28% from the previous session’s volume of 467,696 shares.The stock last traded at $54.58 and had previously closed at $54.23.

iShares Global Infrastructure ETF Trading Up 0.5 %

The firm has a market capitalization of $5.18 billion, a price-to-earnings ratio of 22.20 and a beta of 0.80. The firm has a 50 day moving average price of $53.61 and a two-hundred day moving average price of $52.79.

iShares Global Infrastructure ETF Announces Dividend

The business also recently announced a dividend, which was paid on Friday, December 20th. Investors of record on Tuesday, December 17th were issued a dividend of $0.849 per share. The ex-dividend date of this dividend was Tuesday, December 17th.

Institutional Investors Weigh In On iShares Global Infrastructure ETF

Hedge funds have recently modified their holdings of the stock. Principal Financial Group Inc. increased its holdings in 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 purchasing an additional 1,845,625 shares during the last quarter. US Bancorp DE increased its holdings in iShares Global Infrastructure ETF by 89.2% during the 3rd quarter. US Bancorp DE now owns 1,696,610 shares of the company’s stock worth $92,346,000 after purchasing an additional 799,958 shares during the last quarter. Strategic Investment Management LLC acquired a new position in shares of iShares Global Infrastructure ETF in the 4th quarter worth approximately $6,856,000. Sanctuary Advisors LLC acquired a new position in shares of iShares Global Infrastructure ETF in the 2nd quarter worth approximately $6,015,000. Finally, Fifth Third Bancorp grew its position in shares of iShares Global Infrastructure ETF by 10.2% in the 4th quarter. Fifth Third Bancorp now owns 1,354,116 shares of the company’s stock worth $70,780,000 after acquiring an additional 125,320 shares in 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.