iShares Global Infrastructure ETF (NASDAQ:IGF) Sees Strong Trading Volume – Still a Buy?

iShares Global Infrastructure ETF (NASDAQ:IGF) shares saw unusually-high trading volume on Tuesday . Approximately 1,273,615 shares were traded during mid-day 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 Price Performance

The company has a market capitalization of $5.14 billion, a price-to-earnings ratio of 22.20 and a beta of 0.80. The business’s 50 day simple moving average is $53.56 and its 200 day simple moving average is $52.94.

iShares Global Infrastructure ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Friday, December 20th. Shareholders of record on Tuesday, December 17th were paid a dividend of $0.849 per share. The ex-dividend date was Tuesday, December 17th.

Institutional Trading of iShares Global Infrastructure ETF

A number of hedge funds have recently added to or reduced their stakes in IGF. Renaissance Technologies LLC raised its stake in shares of iShares Global Infrastructure ETF by 47.5% during the second quarter. Renaissance Technologies LLC now owns 55,000 shares of the company’s stock worth $2,636,000 after purchasing an additional 17,700 shares during the last quarter. Bank of Montreal Can raised its position in iShares Global Infrastructure ETF by 55.0% during the 2nd quarter. Bank of Montreal Can now owns 102,370 shares of the company’s stock worth $4,968,000 after buying an additional 36,333 shares during the last quarter. Sunbelt Securities Inc. purchased a new position in iShares Global Infrastructure ETF during the 2nd quarter worth $239,000. Cetera Investment Advisers lifted its stake in shares of iShares Global Infrastructure ETF by 3.5% in the 2nd quarter. Cetera Investment Advisers now owns 82,743 shares of the company’s stock worth $3,965,000 after acquiring an additional 2,781 shares during the period. Finally, Sanctuary Advisors LLC purchased a new stake in shares of iShares Global Infrastructure ETF in the second quarter valued at about $6,015,000.

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.