iShares Global Infrastructure ETF (NASDAQ:IGF) Reaches New 1-Year High – Here’s Why

iShares Global Infrastructure ETF (NASDAQ:IGF) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $62.58 and last traded at $62.46, with a volume of 483221 shares traded. The stock had previously closed at $62.36.

iShares Global Infrastructure ETF Price Performance

The firm has a market cap of $8.69 billion, a PE ratio of 20.10 and a beta of 0.73. The business’s fifty day moving average is $61.18 and its 200-day moving average is $59.77.

Institutional Investors Weigh In On iShares Global Infrastructure ETF

A number of hedge funds have recently modified their holdings of the stock. Allworth Financial LP grew its holdings in iShares Global Infrastructure ETF by 57.3% during the first quarter. Allworth Financial LP now owns 686 shares of the company’s stock valued at $39,000 after purchasing an additional 250 shares during the period. Cerity Partners LLC lifted its position in shares of iShares Global Infrastructure ETF by 70.6% during the 1st quarter. Cerity Partners LLC now owns 20,677 shares of the company’s stock valued at $1,130,000 after buying an additional 8,560 shares during the last quarter. Dynasty Wealth Management LLC grew its stake in shares of iShares Global Infrastructure ETF by 3.2% during the 1st quarter. Dynasty Wealth Management LLC now owns 45,148 shares of the company’s stock worth $2,468,000 after acquiring an additional 1,404 shares during the period. Private Advisor Group LLC grew its stake in shares of iShares Global Infrastructure ETF by 472.4% during the 1st quarter. Private Advisor Group LLC now owns 26,985 shares of the company’s stock worth $1,475,000 after acquiring an additional 22,271 shares during the period. Finally, OneAscent Financial Services LLC increased its holdings in iShares Global Infrastructure ETF by 27.9% in the 1st quarter. OneAscent Financial Services LLC now owns 25,337 shares of the company’s stock worth $1,392,000 after acquiring an additional 5,527 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.