Cullen Frost Bankers Inc. Invests $40,000 in iShares International Dividend Growth ETF $IGRO

Cullen Frost Bankers Inc. bought a new position in shares of iShares International Dividend Growth ETF (BATS:IGRO) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 512 shares of the company’s stock, valued at approximately $40,000.

Other hedge funds have also modified their holdings of the company. Farther Finance Advisors LLC purchased a new stake in shares of iShares International Dividend Growth ETF during the 2nd quarter worth about $154,000. Leavell Investment Management Inc. purchased a new stake in shares of iShares International Dividend Growth ETF during the 1st quarter worth about $208,000. Princeton Global Asset Management LLC boosted its stake in shares of iShares International Dividend Growth ETF by 18.0% during the 2nd quarter. Princeton Global Asset Management LLC now owns 5,346 shares of the company’s stock worth $422,000 after acquiring an additional 815 shares in the last quarter. Private Trust Co. NA boosted its stake in shares of iShares International Dividend Growth ETF by 3.3% during the 2nd quarter. Private Trust Co. NA now owns 8,491 shares of the company’s stock worth $670,000 after acquiring an additional 269 shares in the last quarter. Finally, Prime Capital Investment Advisors LLC boosted its stake in shares of iShares International Dividend Growth ETF by 19.6% during the 2nd quarter. Prime Capital Investment Advisors LLC now owns 40,405 shares of the company’s stock worth $3,188,000 after acquiring an additional 6,633 shares in the last quarter.

iShares International Dividend Growth ETF Stock Up 20.5%

IGRO stock opened at $80.87 on Monday. iShares International Dividend Growth ETF has a 52-week low of $63.16 and a 52-week high of $80.21. The company’s 50-day simple moving average is $79.67 and its 200-day simple moving average is $77.85. The firm has a market cap of $1.23 billion, a P/E ratio of 16.33 and a beta of 0.74.

About iShares International Dividend Growth ETF

The iShares International Dividend Growth ETF (IGRO) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of international equities that have growing dividends. IGRO was launched on May 17, 2016 and is managed by BlackRock.