Mercer Global Advisors Inc. ADV Increases Stake in iShares Global Infrastructure ETF (NASDAQ:IGF)

Mercer Global Advisors Inc. ADV grew its stake in iShares Global Infrastructure ETF (NASDAQ:IGF) by 933.5% during the 2nd quarter, HoldingsChannel reports. The firm owned 82,994 shares of the company’s stock after buying an additional 74,964 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in iShares Global Infrastructure ETF were worth $3,977,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in IGF. Capital Insight Partners LLC lifted its stake in shares of iShares Global Infrastructure ETF by 0.4% in the 2nd quarter. Capital Insight Partners LLC now owns 76,724 shares of the company’s stock valued at $3,677,000 after purchasing an additional 282 shares during the period. Forte Asset Management LLC grew its position in shares of iShares Global Infrastructure ETF by 1.2% during the 1st quarter. Forte Asset Management LLC now owns 23,963 shares of the company’s stock valued at $1,141,000 after acquiring an additional 293 shares during the period. Beam Wealth Advisors Inc. increased its stake in shares of iShares Global Infrastructure ETF by 1.0% in the 1st quarter. Beam Wealth Advisors Inc. now owns 33,129 shares of the company’s stock valued at $1,578,000 after purchasing an additional 314 shares in the last quarter. Avantax Advisory Services Inc. raised its holdings in iShares Global Infrastructure ETF by 6.4% in the 4th quarter. Avantax Advisory Services Inc. now owns 5,678 shares of the company’s stock worth $267,000 after purchasing an additional 343 shares during the period. Finally, Motco boosted its position in iShares Global Infrastructure ETF by 7.8% during the first quarter. Motco now owns 5,243 shares of the company’s stock worth $250,000 after purchasing an additional 381 shares in the last quarter.

iShares Global Infrastructure ETF Trading Up 0.7 %

Shares of IGF opened at $53.92 on Friday. The firm has a market cap of $3.97 billion, a P/E ratio of 22.20 and a beta of 0.80. The stock’s 50 day moving average is $51.20 and its two-hundred day moving average is $49.25. iShares Global Infrastructure ETF has a 12 month low of $40.38 and a 12 month high of $54.18.

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.