CIBC Private Wealth Group LLC Has $12.57 Million Stake in iShares Global Infrastructure ETF $IGF

CIBC Private Wealth Group LLC raised its stake in shares of iShares Global Infrastructure ETF (NASDAQ:IGF) by 39.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 205,666 shares of the company’s stock after buying an additional 58,321 shares during the period. CIBC Private Wealth Group LLC owned 0.15% of iShares Global Infrastructure ETF worth $12,570,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. CIBC Bancorp USA Inc. bought a new position in shares of iShares Global Infrastructure ETF in the 3rd quarter valued at approximately $12,172,000. Oarsman Capital Inc. boosted its position in iShares Global Infrastructure ETF by 4.6% during the third quarter. Oarsman Capital Inc. now owns 9,479 shares of the company’s stock worth $579,000 after purchasing an additional 417 shares during the period. Penobscot Wealth Management boosted its position in iShares Global Infrastructure ETF by 6.6% during the third quarter. Penobscot Wealth Management now owns 23,428 shares of the company’s stock worth $1,432,000 after purchasing an additional 1,446 shares during the period. Vertex Planning Partners LLC acquired a new position in iShares Global Infrastructure ETF during the third quarter valued at approximately $218,000. Finally, Stonebridge Financial Planning Group LLC grew its holdings in iShares Global Infrastructure ETF by 39.8% during the third quarter. Stonebridge Financial Planning Group LLC now owns 14,951 shares of the company’s stock valued at $914,000 after purchasing an additional 4,253 shares during the last quarter.

iShares Global Infrastructure ETF Stock Up 0.5%

NASDAQ:IGF opened at $66.89 on Friday. The company’s 50 day moving average is $65.88 and its 200-day moving average is $62.98. iShares Global Infrastructure ETF has a 12 month low of $49.74 and a 12 month high of $69.60. The firm has a market cap of $9.80 billion, a price-to-earnings ratio of 20.10 and a beta of 0.73.

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.