Principal Financial Group Inc. Trims Stock Position in iShares Global Infrastructure ETF $IGF

Principal Financial Group Inc. decreased its position in iShares Global Infrastructure ETF (NASDAQ:IGF) by 17.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 541,541 shares of the company’s stock after selling 116,550 shares during the period. Principal Financial Group Inc. owned 0.39% of iShares Global Infrastructure ETF worth $33,099,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of IGF. NewEdge Advisors LLC grew its position in shares of iShares Global Infrastructure ETF by 17.9% during the 1st quarter. NewEdge Advisors LLC now owns 1,258 shares of the company’s stock worth $69,000 after buying an additional 191 shares in the last quarter. Wealthcare Advisory Partners LLC lifted its stake in iShares Global Infrastructure ETF by 42.2% in the second quarter. Wealthcare Advisory Partners LLC now owns 11,224 shares of the company’s stock worth $664,000 after acquiring an additional 3,330 shares during the period. Ignite Planners LLC purchased a new stake in iShares Global Infrastructure ETF in the second quarter worth about $285,000. US Bancorp DE grew its holdings in iShares Global Infrastructure ETF by 0.8% during the 2nd quarter. US Bancorp DE now owns 1,789,138 shares of the company’s stock worth $105,917,000 after acquiring an additional 13,987 shares in the last quarter. Finally, Coordinated Financial Services Inc. purchased a new position in iShares Global Infrastructure ETF during the 2nd quarter valued at about $282,000.

iShares Global Infrastructure ETF Price Performance

Shares of IGF stock opened at $64.92 on Friday. The company has a market cap of $9.51 billion, a P/E ratio of 20.10 and a beta of 0.73. The stock’s 50-day moving average is $62.32 and its 200 day moving average is $61.41. iShares Global Infrastructure ETF has a 1-year low of $49.74 and a 1-year high of $65.47.

iShares Global Infrastructure ETF Announces Dividend

The business also recently announced a dividend, which was paid on Friday, December 19th. Investors of record on Tuesday, December 16th were paid a dividend of $0.9956 per share. The ex-dividend date of this dividend was Tuesday, December 16th.

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.