FSM Wealth Advisors LLC Acquires 17,578 Shares of iShares Global Infrastructure ETF (NASDAQ:IGF)

FSM Wealth Advisors LLC lifted its holdings in shares of iShares Global Infrastructure ETF (NASDAQ:IGF) by 14.1% in the third quarter, Holdings Channel.com reports. The fund owned 142,464 shares of the company’s stock after purchasing an additional 17,578 shares during the quarter. iShares Global Infrastructure ETF accounts for approximately 2.1% of FSM Wealth Advisors LLC’s portfolio, making the stock its 16th largest position. FSM Wealth Advisors LLC’s holdings in iShares Global Infrastructure ETF were worth $7,754,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Northwest Investment Counselors LLC bought a new position in shares of iShares Global Infrastructure ETF during the 3rd quarter worth about $26,000. Quent Capital LLC increased its position in shares of iShares Global Infrastructure ETF by 60.7% during the 3rd quarter. Quent Capital LLC now owns 638 shares of the company’s stock worth $35,000 after purchasing an additional 241 shares in the last quarter. Exchange Traded Concepts LLC acquired a new stake in shares of iShares Global Infrastructure ETF during the 3rd quarter worth about $45,000. First PREMIER Bank acquired a new stake in shares of iShares Global Infrastructure ETF during the 3rd quarter worth about $76,000. Finally, Cullen Frost Bankers Inc. acquired a new stake in shares of iShares Global Infrastructure ETF during the 2nd quarter worth about $139,000.

iShares Global Infrastructure ETF Stock Up 0.2 %

Shares of iShares Global Infrastructure ETF stock opened at $53.11 on Tuesday. The stock has a market capitalization of $4.28 billion, a P/E ratio of 22.20 and a beta of 0.80. The company has a 50-day simple moving average of $53.72 and a 200 day simple moving average of $50.87. iShares Global Infrastructure ETF has a 12-month low of $43.13 and a 12-month high of $55.32.

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.