iShares Global Infrastructure ETF (NASDAQ:IGF) Sees Strong Trading Volume – Here’s Why

iShares Global Infrastructure ETF (NASDAQ:IGF) shares saw strong trading volume on Tuesday . 1,273,615 shares changed hands during trading, an increase of 137% from the previous session’s volume of 538,446 shares.The stock last traded at $53.08 and had previously closed at $53.53.

iShares Global Infrastructure ETF Stock Up 0.0 %

The company has a market cap of $5.14 billion, a PE ratio of 22.20 and a beta of 0.80. The stock’s 50 day simple moving average is $53.56 and its two-hundred day simple moving average is $52.94.

iShares Global Infrastructure ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Friday, December 20th. Investors of record on Tuesday, December 17th were given a $0.849 dividend. The ex-dividend date of this dividend was Tuesday, December 17th.

Institutional Investors Weigh In On iShares Global Infrastructure ETF

A number of institutional investors have recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its holdings in shares of 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 valued at $118,830,000 after acquiring an additional 1,845,625 shares in the last quarter. US Bancorp DE raised its position in 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 purchasing an additional 799,958 shares during the period. Waldron Private Wealth LLC lifted its stake in shares of iShares Global Infrastructure ETF by 68.2% during the fourth quarter. Waldron Private Wealth LLC now owns 925,897 shares of the company’s stock worth $48,397,000 after purchasing an additional 375,573 shares in the last quarter. Strategic Investment Management LLC purchased a new stake in shares of iShares Global Infrastructure ETF in the fourth quarter worth about $6,856,000. Finally, Sanctuary Advisors LLC purchased a new stake in shares of iShares Global Infrastructure ETF in the second quarter worth about $6,015,000.

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.