Raymond James & Associates Sells 1,714 Shares of iShares Global Infrastructure ETF (NASDAQ:IGF)

Raymond James & Associates lowered its holdings in iShares Global Infrastructure ETF (NASDAQ:IGF) by 11.4% in the 4th quarter, Holdings Channel reports. The firm owned 13,289 shares of the company’s stock after selling 1,714 shares during the period. Raymond James & Associates’ holdings in iShares Global Infrastructure ETF were worth $625,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of IGF. Ancora Advisors LLC boosted its stake in iShares Global Infrastructure ETF by 73.5% during the third quarter. Ancora Advisors LLC now owns 708 shares of the company’s stock valued at $31,000 after buying an additional 300 shares during the last quarter. Exchange Traded Concepts LLC acquired a new stake in shares of iShares Global Infrastructure ETF in the 4th quarter worth $158,000. Atwood & Palmer Inc. acquired a new stake in shares of iShares Global Infrastructure ETF in the 4th quarter worth $160,000. Boltwood Capital Management purchased a new position in iShares Global Infrastructure ETF in the 4th quarter worth $201,000. Finally, Robertson Stephens Wealth Management LLC purchased a new position in iShares Global Infrastructure ETF in the 3rd quarter worth $217,000.

iShares Global Infrastructure ETF Stock Performance

NASDAQ IGF opened at $47.35 on Thursday. The stock has a 50-day simple moving average of $46.36 and a two-hundred day simple moving average of $45.56. The firm has a market capitalization of $3.55 billion, a P/E ratio of 20.90 and a beta of 0.80. iShares Global Infrastructure ETF has a fifty-two week low of $40.38 and a fifty-two week high of $49.25.

iShares Global Infrastructure ETF 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.