Clearbridge Investments LLC bought a new position in iShares Global Infrastructure ETF (NASDAQ:IGF – Get Rating) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 17,178 shares of the company’s stock, valued at approximately $787,000.
Other hedge funds have also added to or reduced their stakes in the company. Wealthsource Partners LLC purchased a new position in shares of iShares Global Infrastructure ETF during the 4th quarter valued at $528,000. Corrado Advisors LLC grew its position in iShares Global Infrastructure ETF by 1.5% during the fourth quarter. Corrado Advisors LLC now owns 27,059 shares of the company’s stock worth $1,240,000 after buying an additional 399 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in iShares Global Infrastructure ETF by 9.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,763,109 shares of the company’s stock worth $80,821,000 after acquiring an additional 157,575 shares during the last quarter. BG Investment Services Inc. raised its holdings in shares of iShares Global Infrastructure ETF by 5.3% in the 4th quarter. BG Investment Services Inc. now owns 46,825 shares of the company’s stock valued at $2,146,000 after acquiring an additional 2,349 shares in the last quarter. Finally, Great Lakes Advisors LLC boosted its position in shares of iShares Global Infrastructure ETF by 7,062.8% during the 4th quarter. Great Lakes Advisors LLC now owns 636,846 shares of the company’s stock valued at $4,352,000 after acquiring an additional 627,955 shares during the last quarter.
IGF stock opened at $46.54 on Monday. The company’s 50 day moving average is $48.30 and its 200 day moving average is $47.65. The stock has a market cap of $3.75 billion, a price-to-earnings ratio of 20.63 and a beta of 0.80. iShares Global Infrastructure ETF has a 1-year low of $39.95 and a 1-year high of $51.74.
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.
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