iShares Global Infrastructure ETF (NASDAQ:IGF) Sets New 52-Week High – Should You Buy?

iShares Global Infrastructure ETF (NASDAQ:IGF)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $68.76 and last traded at $68.59, with a volume of 34076 shares trading hands. The stock had previously closed at $67.39.

iShares Global Infrastructure ETF Stock Up 0.2%

The business has a 50-day moving average price of $62.99 and a 200-day moving average price of $61.84. The firm has a market capitalization of $10.03 billion, a price-to-earnings ratio of 20.10 and a beta of 0.73.

iShares Global Infrastructure ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, December 19th. Shareholders of record on Tuesday, December 16th were issued a $0.9956 dividend. The ex-dividend date of this dividend was Tuesday, December 16th.

Hedge Funds Weigh In On iShares Global Infrastructure ETF

Several hedge funds and other institutional investors have recently modified their holdings of IGF. Trust Co. of Vermont purchased a new stake in iShares Global Infrastructure ETF during the 4th quarter worth approximately $25,000. Rice Partnership LLC purchased a new position in shares of iShares Global Infrastructure ETF in the fourth quarter worth $25,000. Aptus Capital Advisors LLC acquired a new stake in shares of iShares Global Infrastructure ETF during the third quarter worth $25,000. Quent Capital LLC acquired a new stake in shares of iShares Global Infrastructure ETF during the third quarter worth $27,000. Finally, Chilton Capital Management LLC purchased a new stake in shares of iShares Global Infrastructure ETF during the second quarter valued at $28,000.

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.