iShares International Developed Real Estate ETF (NASDAQ:IFGL) Shares Down 0.6% – Here’s Why

iShares International Developed Real Estate ETF (NASDAQ:IFGL) shares fell 0.6% on Monday . The company traded as low as $22.41 and last traded at $22.43. 7,687 shares traded hands during trading, a decline of 39% from the average session volume of 12,508 shares. The stock had previously closed at $22.57.

iShares International Developed Real Estate ETF Stock Up 1.1%

The company’s 50 day moving average is $22.74 and its 200 day moving average is $23.42. The firm has a market capitalization of $81.97 million, a price-to-earnings ratio of 20.34 and a beta of 0.80.

iShares International Developed Real Estate ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, June 15th were issued a $0.3198 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $1.28 dividend on an annualized basis and a yield of 5.6%. This is an increase from iShares International Developed Real Estate ETF’s previous quarterly dividend of $0.12.

About iShares International Developed Real Estate ETF

The iShares International Developed Real Estate ETF (IFGL) is an exchange-traded fund that is based on the FTSE EPRA Nareit Developed x US index, a market-cap-weighted index of companies that own or develop real estate throughout the developed world, excluding the United States. IFGL was launched on Nov 12, 2007 and is managed by BlackRock.