Arbor Trust Wealth Advisors LLC Makes New $5.15 Million Investment in iShares Global Infrastructure ETF $IGF

Arbor Trust Wealth Advisors LLC bought a new position in iShares Global Infrastructure ETF (NASDAQ:IGF) in the 1st quarter, HoldingsChannel.com reports. The institutional investor bought 76,857 shares of the company’s stock, valued at approximately $5,149,000. iShares Global Infrastructure ETF makes up 2.3% of Arbor Trust Wealth Advisors LLC’s investment portfolio, making the stock its 14th largest position.

Other institutional investors have also made changes to their positions in the company. Northern Trust Corp raised its stake in iShares Global Infrastructure ETF by 13.0% during the 3rd quarter. Northern Trust Corp now owns 32,269,755 shares of the company’s stock valued at $1,972,327,000 after purchasing an additional 3,701,749 shares during the period. Jane Street Group LLC acquired a new stake in shares of iShares Global Infrastructure ETF in the fourth quarter worth $71,842,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of iShares Global Infrastructure ETF by 1,527.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 913,157 shares of the company’s stock valued at $56,031,000 after buying an additional 857,061 shares in the last quarter. Pictet Asset Management Holding SA grew its holdings in shares of iShares Global Infrastructure ETF by 70.7% during the fourth quarter. Pictet Asset Management Holding SA now owns 1,813,170 shares of the company’s stock valued at $111,869,000 after buying an additional 751,250 shares in the last quarter. Finally, Bank of America Corp DE raised its position in iShares Global Infrastructure ETF by 140.0% during the second quarter. Bank of America Corp DE now owns 918,485 shares of the company’s stock valued at $54,374,000 after buying an additional 535,717 shares during the period.

iShares Global Infrastructure ETF Stock Up 0.2%

iShares Global Infrastructure ETF stock opened at $67.17 on Wednesday. iShares Global Infrastructure ETF has a 12 month low of $57.96 and a 12 month high of $69.60. The stock has a market cap of $10.89 billion, a P/E ratio of 20.10 and a beta of 0.61. The company’s fifty day simple moving average is $66.85 and its 200-day simple moving average is $65.99.

iShares Global Infrastructure ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were paid a $0.9337 dividend. The ex-dividend date was Monday, June 15th.

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.