iShares Global Infrastructure ETF (NASDAQ:IGF) Sees Large Volume Increase – Time to Buy?

Shares of iShares Global Infrastructure ETF (NASDAQ:IGF) saw unusually-strong trading volume on Tuesday . Approximately 249,298 shares were traded during trading, a decline of 32% from the previous session’s volume of 366,675 shares.The stock last traded at $54.53 and had previously closed at $54.75.

iShares Global Infrastructure ETF Stock Performance

The stock has a fifty day moving average price of $53.39 and a two-hundred day moving average price of $50.47. The firm has a market capitalization of $4.36 billion, a P/E ratio of 22.20 and a beta of 0.80.

Institutional Trading of iShares Global Infrastructure ETF

Several hedge funds have recently bought and sold shares of IGF. The Manufacturers Life Insurance Company increased its stake in iShares Global Infrastructure ETF by 2.8% during the 2nd 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 during the period. Atria Wealth Solutions Inc. increased its stake in shares of iShares Global Infrastructure ETF by 156.5% during the second quarter. Atria Wealth Solutions Inc. now owns 23,916 shares of the company’s stock valued at $1,146,000 after acquiring an additional 14,593 shares during the period. Sanctuary Advisors LLC bought a new stake in iShares Global Infrastructure ETF during the second quarter worth approximately $6,015,000. Great Lakes Advisors LLC lifted its position in iShares Global Infrastructure ETF by 17.3% in the second quarter. Great Lakes Advisors LLC now owns 146,928 shares of the company’s stock worth $7,041,000 after purchasing an additional 21,664 shares during the period. Finally, Envestnet Asset Management Inc. lifted its position in iShares Global Infrastructure ETF by 6.9% in the second quarter. Envestnet Asset Management Inc. now owns 564,965 shares of the company’s stock worth $27,073,000 after purchasing an additional 36,402 shares during the period.

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.