Envestnet Asset Management Inc. Buys 36,402 Shares of iShares Global Infrastructure ETF (NASDAQ:IGF)

Envestnet Asset Management Inc. grew its stake in iShares Global Infrastructure ETF (NASDAQ:IGF) by 6.9% in the second quarter, HoldingsChannel.com reports. The fund owned 564,965 shares of the company’s stock after acquiring an additional 36,402 shares during the period. Envestnet Asset Management Inc.’s holdings in iShares Global Infrastructure ETF were worth $27,073,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Mather Group LLC. bought a new stake in shares of iShares Global Infrastructure ETF in the 1st quarter valued at about $32,000. Heritage Wealth Advisors bought a new stake in shares of iShares Global Infrastructure ETF in the 4th quarter valued at about $123,000. Northwest Bank & Trust Co bought a new stake in shares of iShares Global Infrastructure ETF in the 4th quarter valued at about $123,000. Cullen Frost Bankers Inc. bought a new stake in shares of iShares Global Infrastructure ETF in the 2nd quarter valued at about $139,000. Finally, GFS Advisors LLC acquired a new position in shares of iShares Global Infrastructure ETF in the 1st quarter valued at approximately $200,000.

iShares Global Infrastructure ETF Stock Performance

Shares of IGF opened at $53.92 on Friday. The stock has a 50 day simple moving average of $51.20 and a 200 day simple moving average of $49.25. iShares Global Infrastructure ETF has a 52-week low of $40.38 and a 52-week high of $54.18. The firm has a market capitalization of $3.97 billion, a PE ratio of 22.20 and a beta of 0.80.

About iShares Global Infrastructure ETF

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.