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

iShares Global Infrastructure ETF (NASDAQ:IGF) shares saw unusually-high 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 Price Performance

The stock’s 50 day simple moving average is $53.24 and its two-hundred day simple moving average is $50.40. The stock has a market cap of $4.37 billion, a price-to-earnings ratio of 22.20 and a beta of 0.80.

Institutional Investors Weigh In On iShares Global Infrastructure ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Northwest Investment Counselors LLC acquired a new stake in shares of iShares Global Infrastructure ETF in the 3rd quarter valued at $26,000. Quent Capital LLC lifted its position in 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 buying an additional 241 shares in the last quarter. Mather Group LLC. acquired a new position in iShares Global Infrastructure ETF during the 1st quarter worth about $32,000. Exchange Traded Concepts LLC acquired a new position in iShares Global Infrastructure ETF during the 3rd quarter worth about $45,000. Finally, First PREMIER Bank acquired a new position in iShares Global Infrastructure ETF during the 3rd quarter worth about $76,000.

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.