iShares Global Infrastructure ETF (NASDAQ:IGF) Sets New 1-Year High – Should You Buy?

iShares Global Infrastructure ETF (NASDAQ:IGF)’s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $55.52 and last traded at $55.51, with a volume of 34960 shares traded. The stock had previously closed at $55.34.

iShares Global Infrastructure ETF Trading Down 0.2 %

The stock has a market capitalization of $4.45 billion, a P/E ratio of 22.20 and a beta of 0.80. The firm’s fifty day moving average is $54.25 and its 200-day moving average is $51.52.

Institutional Inflows and Outflows

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