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

iShares Global Infrastructure ETF (NASDAQ:IGF) saw unusually-strong trading volume on Tuesday . Approximately 521,715 shares traded hands during 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 Stock Down 1.4 %

The stock has a market cap of $4.31 billion, a PE ratio of 22.20 and a beta of 0.80. The business has a 50 day moving average price of $53.93 and a 200 day moving average price of $51.16.

Hedge Funds Weigh In On iShares Global Infrastructure ETF

A number of hedge funds have recently made changes to their positions in IGF. Northwest Investment Counselors LLC purchased a new position in iShares Global Infrastructure ETF during the third quarter worth approximately $26,000. Quent Capital LLC increased its stake in iShares Global Infrastructure ETF by 60.7% during the third quarter. Quent Capital LLC now owns 638 shares of the company’s stock worth $35,000 after acquiring an additional 241 shares during the last quarter. Exchange Traded Concepts LLC acquired a new stake in iShares Global Infrastructure ETF during the third quarter worth $45,000. First PREMIER Bank acquired a new stake in iShares Global Infrastructure ETF during the third quarter worth $76,000. Finally, Cullen Frost Bankers Inc. acquired a new stake in iShares Global Infrastructure ETF during the second quarter worth $139,000.

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.