iShares Global Infrastructure ETF (NASDAQ:IGF) Sets New 52-Week High – Here’s Why

iShares Global Infrastructure ETF (NASDAQ:IGF) shares reached a new 52-week high on Wednesday . The stock traded as high as $59.13 and last traded at $59.11, with a volume of 637259 shares changing hands. The stock had previously closed at $58.76.

iShares Global Infrastructure ETF Price Performance

The stock’s 50 day simple moving average is $55.45 and its two-hundred day simple moving average is $54.25. The stock has a market capitalization of $6.60 billion, a PE ratio of 19.55 and a beta of 0.80.

Institutional Trading of iShares Global Infrastructure ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in IGF. Centricity Wealth Management LLC purchased a new position in iShares Global Infrastructure ETF during the fourth quarter worth about $33,000. Allworth Financial LP boosted its position in shares of iShares Global Infrastructure ETF by 57.3% during the 1st quarter. Allworth Financial LP now owns 686 shares of the company’s stock valued at $39,000 after acquiring an additional 250 shares during the last quarter. Lee Danner & Bass Inc. bought a new stake in shares of iShares Global Infrastructure ETF during the 4th quarter valued at about $44,000. Smartleaf Asset Management LLC grew its holdings in shares of iShares Global Infrastructure ETF by 508.5% during the first quarter. Smartleaf Asset Management LLC now owns 858 shares of the company’s stock worth $47,000 after purchasing an additional 717 shares in the last quarter. Finally, SBI Securities Co. Ltd. bought a new position in shares of iShares Global Infrastructure ETF in the fourth quarter worth approximately $54,000.

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.