Northwestern Mutual Wealth Management Co. Boosts Holdings in iShares Global Infrastructure ETF $IGF

Northwestern Mutual Wealth Management Co. grew its stake in shares of iShares Global Infrastructure ETF (NASDAQ:IGF) by 1,527.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 913,157 shares of the company’s stock after buying an additional 857,061 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in iShares Global Infrastructure ETF were worth $56,031,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Western Wealth Management LLC raised its position in shares of iShares Global Infrastructure ETF by 61.3% during the 4th quarter. Western Wealth Management LLC now owns 9,081 shares of the company’s stock valued at $557,000 after buying an additional 3,451 shares in the last quarter. Stonebridge Financial Planning Group LLC raised its position in shares of iShares Global Infrastructure ETF by 4.2% during the 4th quarter. Stonebridge Financial Planning Group LLC now owns 15,584 shares of the company’s stock valued at $956,000 after buying an additional 633 shares in the last quarter. Atria Investments Inc raised its position in shares of iShares Global Infrastructure ETF by 11.8% during the 4th quarter. Atria Investments Inc now owns 63,904 shares of the company’s stock valued at $3,921,000 after buying an additional 6,754 shares in the last quarter. Tepp RIA LLC raised its position in shares of iShares Global Infrastructure ETF by 35.4% during the 4th quarter. Tepp RIA LLC now owns 98,044 shares of the company’s stock valued at $6,016,000 after buying an additional 25,620 shares in the last quarter. Finally, American Institute for Advanced Investment Management LLP raised its position in shares of iShares Global Infrastructure ETF by 17.1% during the 4th quarter. American Institute for Advanced Investment Management LLP now owns 18,952 shares of the company’s stock valued at $1,164,000 after buying an additional 2,772 shares in the last quarter.

iShares Global Infrastructure ETF Stock Performance

iShares Global Infrastructure ETF stock opened at $66.05 on Monday. The firm’s fifty day moving average price is $67.22 and its 200-day moving average price is $64.72. The stock has a market cap of $10.28 billion, a P/E ratio of 20.10 and a beta of 0.63. iShares Global Infrastructure ETF has a fifty-two week low of $57.61 and a fifty-two week high of $69.60.

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.