Droms Strauss Advisors Inc. MO ADV Sells 1,361 Shares of iShares Global Infrastructure ETF (NASDAQ:IGF)

Droms Strauss Advisors Inc. MO ADV cut its stake in shares of iShares Global Infrastructure ETF (NASDAQ:IGF) by 2.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 50,361 shares of the company’s stock after selling 1,361 shares during the quarter. iShares Global Infrastructure ETF comprises approximately 0.9% of Droms Strauss Advisors Inc. MO ADV’s portfolio, making the stock its 24th biggest position. Droms Strauss Advisors Inc. MO ADV owned approximately 0.05% of iShares Global Infrastructure ETF worth $2,632,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Principal Financial Group Inc. increased its holdings in shares of iShares Global Infrastructure ETF by 546.8% during the third quarter. Principal Financial Group Inc. now owns 2,183,166 shares of the company’s stock valued at $118,830,000 after acquiring an additional 1,845,625 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of iShares Global Infrastructure ETF by 2.2% during the third quarter. The Manufacturers Life Insurance Company now owns 1,875,964 shares of the company’s stock valued at $102,109,000 after acquiring an additional 40,418 shares in the last quarter. US Bancorp DE increased its holdings in shares of iShares Global Infrastructure ETF by 89.2% during the third quarter. US Bancorp DE now owns 1,696,610 shares of the company’s stock valued at $92,346,000 after acquiring an additional 799,958 shares in the last quarter. Fifth Third Bancorp increased its holdings in shares of iShares Global Infrastructure ETF by 10.2% during the fourth quarter. Fifth Third Bancorp now owns 1,354,116 shares of the company’s stock valued at $70,780,000 after acquiring an additional 125,320 shares in the last quarter. Finally, Waldron Private Wealth LLC increased its holdings in shares of iShares Global Infrastructure ETF by 68.2% during the fourth quarter. Waldron Private Wealth LLC now owns 925,897 shares of the company’s stock valued at $48,397,000 after acquiring an additional 375,573 shares in the last quarter.

iShares Global Infrastructure ETF Stock Performance

NASDAQ IGF opened at $54.16 on Monday. iShares Global Infrastructure ETF has a one year low of $44.27 and a one year high of $55.79. The stock has a 50-day moving average of $53.21 and a 200 day moving average of $53.31. The company has a market capitalization of $5.29 billion, a price-to-earnings ratio of 22.20 and a beta of 0.80.

iShares Global Infrastructure ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Friday, December 20th. Investors of record on Tuesday, December 17th were issued a $0.849 dividend. The ex-dividend date of this dividend 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.