PNC Financial Services Group Inc. Sells 33,961 Shares of iShares Global Infrastructure ETF (NASDAQ:IGF)

PNC Financial Services Group Inc. lowered its position in shares of iShares Global Infrastructure ETF (NASDAQ:IGF) by 3.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,041,580 shares of the company’s stock after selling 33,961 shares during the period. PNC Financial Services Group Inc. owned about 1.29% of iShares Global Infrastructure ETF worth $56,693,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Northwest Investment Counselors LLC purchased a new position in shares of iShares Global Infrastructure ETF in the third quarter worth about $26,000. Quent Capital LLC raised its holdings in iShares Global Infrastructure ETF by 60.7% in the 3rd quarter. Quent Capital LLC now owns 638 shares of the company’s stock worth $35,000 after purchasing an additional 241 shares in the last quarter. Exchange Traded Concepts LLC purchased a new stake in shares of iShares Global Infrastructure ETF in the 3rd quarter worth about $45,000. First PREMIER Bank bought a new stake in shares of iShares Global Infrastructure ETF during the 3rd quarter valued at about $76,000. Finally, Cullen Frost Bankers Inc. bought a new stake in shares of iShares Global Infrastructure ETF during the 2nd quarter valued at about $139,000.

iShares Global Infrastructure ETF Price Performance

IGF stock opened at $54.73 on Thursday. iShares Global Infrastructure ETF has a 1 year low of $43.84 and a 1 year high of $55.32. The firm has a 50-day moving average of $54.16 and a 200 day moving average of $51.44. The company has a market cap of $4.41 billion, a P/E ratio of 22.20 and a beta of 0.80.

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.