Principal Financial Group Inc. Sells 53,550 Shares of iShares Global Infrastructure ETF (NASDAQ:IGF)

Principal Financial Group Inc. lowered its stake in shares of iShares Global Infrastructure ETF (NASDAQ:IGF) by 2.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,129,616 shares of the company’s stock after selling 53,550 shares during the period. Principal Financial Group Inc. owned approximately 2.21% of iShares Global Infrastructure ETF worth $111,315,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Hoge Financial Services LLC boosted its holdings in iShares Global Infrastructure ETF by 0.8% during the fourth quarter. Hoge Financial Services LLC now owns 68,937 shares of the company’s stock worth $3,603,000 after buying an additional 557 shares during the last quarter. Principal Securities Inc. boosted its holdings in iShares Global Infrastructure ETF by 5.0% during the fourth quarter. Principal Securities Inc. now owns 143,865 shares of the company’s stock worth $7,520,000 after buying an additional 6,851 shares during the last quarter. GFG Capital LLC bought a new position in iShares Global Infrastructure ETF during the fourth quarter worth about $224,000. Banque Pictet & Cie SA boosted its holdings in iShares Global Infrastructure ETF by 2.3% during the fourth quarter. Banque Pictet & Cie SA now owns 32,600 shares of the company’s stock worth $1,704,000 after buying an additional 736 shares during the last quarter. Finally, Compagnie Lombard Odier SCmA boosted its holdings in iShares Global Infrastructure ETF by 454.6% during the fourth quarter. Compagnie Lombard Odier SCmA now owns 6,655 shares of the company’s stock worth $348,000 after buying an additional 5,455 shares during the last quarter.

iShares Global Infrastructure ETF Trading Up 0.5 %

Shares of IGF opened at $54.43 on Wednesday. iShares Global Infrastructure ETF has a 1 year low of $45.14 and a 1 year high of $55.79. The stock has a market cap of $5.31 billion, a P/E ratio of 22.20 and a beta of 0.80. The stock’s 50-day moving average price is $53.21 and its two-hundred day moving average price is $53.37.

iShares Global Infrastructure ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, December 20th. Stockholders of record on Tuesday, December 17th were given a dividend of $0.849 per share. The ex-dividend date was Tuesday, December 17th.

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.