Financial Management Network Inc. Grows Holdings in iShares Global Infrastructure ETF $IGF

Financial Management Network Inc. raised its stake in iShares Global Infrastructure ETF (NASDAQ:IGF) by 140.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,743 shares of the company’s stock after buying an additional 10,360 shares during the period. Financial Management Network Inc.’s holdings in iShares Global Infrastructure ETF were worth $1,099,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Northern Trust Corp grew its position in iShares Global Infrastructure ETF by 13.0% in the third quarter. Northern Trust Corp now owns 32,269,755 shares of the company’s stock worth $1,972,327,000 after acquiring an additional 3,701,749 shares in the last quarter. Pathstone Holdings LLC increased its stake in iShares Global Infrastructure ETF by 2.6% in the third quarter. Pathstone Holdings LLC now owns 3,598,087 shares of the company’s stock valued at $219,915,000 after acquiring an additional 92,377 shares during the last quarter. Ballentine Partners LLC raised its position in iShares Global Infrastructure ETF by 3.5% during the third quarter. Ballentine Partners LLC now owns 2,379,161 shares of the company’s stock valued at $145,414,000 after purchasing an additional 80,006 shares in the last quarter. US Bancorp DE raised its position in iShares Global Infrastructure ETF by 10.0% during the third quarter. US Bancorp DE now owns 1,968,298 shares of the company’s stock valued at $120,302,000 after purchasing an additional 179,160 shares in the last quarter. Finally, Mariner LLC lifted its stake in iShares Global Infrastructure ETF by 6.9% during the third quarter. Mariner LLC now owns 1,613,546 shares of the company’s stock worth $98,620,000 after purchasing an additional 103,971 shares during the last quarter.

iShares Global Infrastructure ETF Trading Down 2.4%

IGF opened at $65.30 on Monday. The stock has a 50-day moving average price of $65.95 and a 200-day moving average price of $63.06. iShares Global Infrastructure ETF has a 12-month low of $49.74 and a 12-month high of $69.60. The stock has a market capitalization of $9.57 billion, a P/E ratio of 20.10 and a beta of 0.73.

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.