Advisor Resource Council Makes New Investment in iShares Global Infrastructure ETF (NASDAQ:IGF)

Advisor Resource Council purchased a new position in shares of iShares Global Infrastructure ETF (NASDAQ:IGF) during the first quarter, Holdings Channel.com reports. The fund purchased 19,035 shares of the company’s stock, valued at approximately $1,041,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Centricity Wealth Management LLC bought a new stake in shares of iShares Global Infrastructure ETF during the 4th quarter worth about $33,000. Lee Danner & Bass Inc. bought a new stake in shares of iShares Global Infrastructure ETF during the 4th quarter worth about $44,000. SBI Securities Co. Ltd. bought a new stake in shares of iShares Global Infrastructure ETF during the 4th quarter worth about $54,000. NewEdge Advisors LLC bought a new stake in shares of iShares Global Infrastructure ETF during the 4th quarter worth about $56,000. Finally, Abound Wealth Management bought a new stake in shares of iShares Global Infrastructure ETF during the 1st quarter worth about $89,000.

iShares Global Infrastructure ETF Trading Down 0.3%

IGF stock opened at $57.73 on Friday. iShares Global Infrastructure ETF has a 52 week low of $47.80 and a 52 week high of $59.83. The company has a market capitalization of $6.55 billion, a price-to-earnings ratio of 19.95 and a beta of 0.80. The firm’s 50-day moving average is $57.64 and its two-hundred day moving average is $54.87.

iShares Global Infrastructure ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, June 20th. Stockholders of record on Monday, June 16th were paid a $0.9834 dividend. The ex-dividend date was Monday, June 16th. This is a boost from iShares Global Infrastructure ETF’s previous dividend of $0.85.

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.