iShares Global Infrastructure ETF (NASDAQ:IGF) Sees Large Volume Increase – Time to Buy?

iShares Global Infrastructure ETF (NASDAQ:IGF) shares saw unusually-strong trading volume on Tuesday . Approximately 521,715 shares changed hands during mid-day trading, an increase of 34% from the previous session’s volume of 389,825 shares.The stock last traded at $53.98 and had previously closed at $54.28.

iShares Global Infrastructure ETF Price Performance

The stock has a 50 day moving average price of $53.93 and a two-hundred day moving average price of $51.16. The firm has a market capitalization of $4.31 billion, a price-to-earnings ratio of 22.20 and a beta of 0.80.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Moors & Cabot Inc. lifted its holdings in iShares Global Infrastructure ETF by 5.5% during the 3rd quarter. Moors & Cabot Inc. now owns 4,818 shares of the company’s stock worth $262,000 after buying an additional 250 shares during the last quarter. Pathstone Holdings LLC increased its position in iShares Global Infrastructure ETF by 4.2% in the 3rd quarter. Pathstone Holdings LLC now owns 175,723 shares of the company’s stock valued at $9,565,000 after acquiring an additional 7,035 shares during the period. Beam Wealth Advisors Inc. increased its position in iShares Global Infrastructure ETF by 6.8% in the 3rd quarter. Beam Wealth Advisors Inc. now owns 37,217 shares of the company’s stock valued at $2,026,000 after acquiring an additional 2,383 shares during the period. Atria Investments Inc increased its position in iShares Global Infrastructure ETF by 5.9% in the 3rd quarter. Atria Investments Inc now owns 4,887 shares of the company’s stock valued at $266,000 after acquiring an additional 274 shares during the period. Finally, Verdence Capital Advisors LLC increased its position in iShares Global Infrastructure ETF by 4.9% in the 3rd quarter. Verdence Capital Advisors LLC now owns 5,097 shares of the company’s stock valued at $277,000 after acquiring an additional 237 shares during the period.

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.