iShares International Developed Real Estate ETF (NASDAQ:IFGL) Shares Down 0.6% – Here’s Why

iShares International Developed Real Estate ETF (NASDAQ:IFGL) shares dropped 0.6% during trading on Monday . The company traded as low as $22.41 and last traded at $22.43. Approximately 7,687 shares changed hands during trading, a decline of 39% from the average daily volume of 12,508 shares. The stock had previously closed at $22.57.

iShares International Developed Real Estate ETF Stock Down 0.6%

The business has a 50-day moving average price of $22.76 and a 200-day moving average price of $23.42. The firm has a market capitalization of $80.75 million, a P/E ratio of 20.34 and a beta of 0.80.

iShares International Developed Real Estate ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were issued a dividend of $0.3198 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date of this dividend was Monday, June 15th. This is a positive change from iShares International Developed Real Estate ETF’s previous quarterly dividend of $0.12.

iShares International Developed Real Estate ETF Company Profile

The iShares International Developed Real Estate ETF (IFGL) is an exchange-traded fund that is based on the FTSE EPRA Nareit Developed x US index, a market-cap-weighted index of companies that own or develop real estate throughout the developed world, excluding the United States. IFGL was launched on Nov 12, 2007 and is managed by BlackRock.