Naples Global Advisors LLC, a well-known institutional investor, recently announced that it has increased its holdings in shares of iShares Global Infrastructure ETF (NASDAQ:IGF) by 5.6% during the first quarter of the year as per the most recent Form 13F filing with the US Securities and Exchange Commission (SEC). The company’s controlled portfolio witnessed an acquisition of an additional 5,489 shares in this period, taking their total holding to a staggering 103,459 shares. The market value of these stocks was marked at $4,935,000 at the end of the first quarter.
iShares Global Infrastructure ETF is known for being one of the most stable investment choices among investors. It invests in developed market equities that are involved with utilities, transportation, and energy infrastructure industries globally. With a focus on long-term capital growth through diversified exposure to such companies operating in thriving economies worldwide, iShares Global Infrastructure ETF has been able to provide its investors with consistently positive returns over time.
If you’re curious about what other hedge funds might have placed their bets on IGF as an investment option, you can always visit HoldingsChannel.com to explore their latest filings and insider trade details related to iShares Global Infrastructure ETF (NASDAQ:IGF).
In another significant development for shareholders across diverse segments investing in IGF stocks for regular income streams via dividends — the company recently announced a Semi-Annual dividend paid on Tuesday 13 June. Stockholders who were recorded in the books on Thursday 8 June received a healthy dividend payout of $0.6754 per share from IGF’s reserves as qualified by ex-dividend records updated until Wednesday 7 June.
Thus far into Q2 ’23 or January-March-April this year has been unforgiving when it comes to fluctuating stock values for even experienced fund managers worldwide. However, trustworthy stocks like those available through investments in iShares Global Infrastructure ETF, with lucrative semi-annual payout deals for investors and a high degree of stability, remain a worthwhile option in volatile times.
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Hedge Funds Increase Stakes in iShares Global Infrastructure ETF (IGF) During Q4 2020, Boosting Market Capitalization
The iShares Global Infrastructure ETF (IGF) has been making waves in the trading world as several hedge funds have recently made changes to their positions in this exchange-traded fund. Hedge funds, such as Romano Brothers and Company, Money Concepts Capital Corp, Eagle Bay Advisors LLC, CoreCap Advisors LLC, and Quent Capital LLC, have all purchased new stakes or lifted their positions in IGF during the fourth quarter of last year.
Romano Brothers and Company purchased a new stake worth about $28,000, while Money Concepts Capital Corp lifted its position by 769.3% by adding 577 shares during the same period. Similarly, Eagle Bay Advisors LLC purchased a new stake valued at approximately $32,000, while CoreCap Advisors LLC bought a new position worth about $33,000. Finally, Quent Capital LLC added a new position worth $40,000.
These adjustments have caused IGF’s market capitalization to increase to $3.71 billion with a price-to-earnings ratio of 20.63 and a beta of 0.80. Additionally, IGF has seen fluctuations between its 52 week low of $39.95 to its high of $49.87 with current movement around its fifty day moving average of $47.55 and 200 day moving average of $47.58.
Managed by BlackRock since its launch on December 10th in 2007 and based on the S&P Global Infrastructure index which is a market-capitalization-weighted index of global infrastructure companies the iShares Global Infrastructure ETF (IGF) represents an opportunity for investors looking to explore the potential gains offered by developments in global infrastructure projects.
These updates prove that despite some concerns over volatile stock markets throughout the pandemic investors continue to place their faith in IGF backed by various opportunities arising from expansive global infrastructure projects pushing growth into niche markets offering potentially lucrative benefits for investors who know where to look.