iShares Global Infrastructure ETF (NASDAQ:IGF) Sees Strong Trading Volume – What’s Next?

Shares of iShares Global Infrastructure ETF (NASDAQ:IGF) saw unusually-strong trading volume on Wednesday . Approximately 3,117,833 shares changed hands during mid-day trading, an increase of 296% from the previous session’s volume of 786,990 shares.The stock last traded at $61.35 and had previously closed at $61.72.

iShares Global Infrastructure ETF Price Performance

The company’s fifty day simple moving average is $61.76 and its two-hundred day simple moving average is $60.65. The stock has a market cap of $8.54 billion, a price-to-earnings ratio of 20.10 and a beta of 0.73.

iShares Global Infrastructure ETF Announces Dividend

The company also recently announced a dividend, which was paid on Friday, December 19th. Investors of record on Tuesday, December 16th were issued a dividend of $0.9956 per share. The ex-dividend date of this dividend was Tuesday, December 16th.

Institutional Trading of iShares Global Infrastructure ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Northern Trust Corp increased its position in iShares Global Infrastructure ETF by 13.0% during the 3rd quarter. Northern Trust Corp now owns 32,269,755 shares of the company’s stock valued at $1,972,327,000 after purchasing an additional 3,701,749 shares during the period. Pathstone Holdings LLC increased its stake in shares of iShares Global Infrastructure ETF by 2.6% during the third quarter. Pathstone Holdings LLC now owns 3,598,087 shares of the company’s stock valued at $219,915,000 after purchasing an additional 92,377 shares in the last quarter. Ballentine Partners LLC lifted its holdings in shares of iShares Global Infrastructure ETF by 3.5% during the third quarter. Ballentine Partners LLC now owns 2,379,161 shares of the company’s stock valued at $145,414,000 after purchasing an additional 80,006 shares during the last quarter. US Bancorp DE boosted its position in shares of iShares Global Infrastructure ETF by 10.0% in the 3rd quarter. US Bancorp DE now owns 1,968,298 shares of the company’s stock worth $120,302,000 after purchasing an additional 179,160 shares in the last quarter. Finally, Mariner LLC increased its position in iShares Global Infrastructure ETF by 6.9% during the 3rd quarter. Mariner LLC now owns 1,613,546 shares of the company’s stock valued at $98,620,000 after buying an additional 103,971 shares in the last quarter.

iShares Global Infrastructure ETF Company Profile

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.