Friday, February 23, 2024

Principal Financial Group Inc. Increases Holdings in iShares Global Infrastructure ETF and Announces Dividend Payment

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On August 20, 2023, it was reported that Principal Financial Group Inc. had significantly increased its position in iShares Global Infrastructure ETF (NASDAQ:IGF) during the first quarter. According to the 13F filing with the Securities and Exchange Commission (SEC), the firm acquired an additional 292,350 shares, resulting in a 51.3% boost to its holdings. As of the most recent SEC filing, Principal Financial Group Inc. owned 861,966 shares of iShares Global Infrastructure ETF, representing approximately $41,116,000 in value and accounting for 1.07% of the company’s stock ownership.

For those interested in discovering more about hedge funds holding IGF or tracking insider trades related to iShares Global Infrastructure ETF (NASDAQ:IGF), provides up-to-date information on these matters through its latest 13F filings and insider trading reports.

In addition to this development, Principal Financial Group Inc. recently made a Semi-Annual dividend announcement. On June 13th, stockholders who were recorded as of June 8th received a dividend of $0.6754 per share. It is important to note that the ex-dividend date for this distribution was set on June 7th.

Investors and market observers may find these updates from Principal Financial Group Inc., along with its increased position in iShares Global Infrastructure ETF and the announcement of a dividend payment, useful for gaining insights and making informed decisions regarding their investment strategies.

Please note that this article is based on information available on August 20, 2023, and may not reflect any subsequent changes or developments related to Principal Financial Group Inc., iShares Global Infrastructure ETF, or their respective stock positions or dividend disbursements.


Updated on: 21/08/2023

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Investors and Institutions Show Continued Interest in iShares Global Infrastructure ETF Amid Market Volatility

Investors and institutions continue to show interest in the iShares Global Infrastructure ETF (IGF). Multiple hedge funds and institutional investors have recently made changes to their stakes in the company, either increasing or reducing their positions. This activity reflects the ongoing uncertainty and volatility in the market.

One such institution, Cetera Advisors LLC, increased its position in shares of IGF by 4.7% during the fourth quarter. The firm now owns 5,587 shares of the company’s stock valued at $256,000 after buying an additional 251 shares during this period. Similarly, First Republic Investment Management Inc. increased its position by 5.0% during the second quarter and now owns 5,708 shares valued at $267,000 after acquiring an additional 270 shares.

Cambridge Investment Research Advisors Inc., on the other hand, increased its position by a modest 1.3% during the first quarter. The firm now owns 21,792 shares valued at $1,108,000 after purchasing an additional 288 shares. Tcwp LLC and Atria Wealth Solutions Inc. also added to their positions in IGF during different periods.

The iShares Global Infrastructure ETF opened at $45.16 on Friday and has experienced a range between $39.95 and $49.52 over the past year. It currently has a market capitalization of $3.70 billion along with a price-to-earnings ratio of 20.87 and a beta of 0.80. These figures indicate that investors are willing to pay a higher premium for this particular investment opportunity.

It is important to note that despite recent fluctuations in value, there remains a consistent demand for global infrastructure investments as they provide stability and potential long-term growth opportunities.

The iShares Global Infrastructure ETF tracks the S&P Global Infrastructure index, which is a market-cap-weighted index consisting of global infrastructure companies from various sectors. This ETF was launched on December 10, 2007 and is currently managed by BlackRock.

As the world continues to focus on improving infrastructure and adapting to new challenges, investments in companies that play a vital role in this sector are likely to grow. Investors recognize the long-term potential of global infrastructure projects and are strategically positioning themselves in iShares Global Infrastructure ETF to capitalize on these opportunities.

With ongoing uncertainty and changes in the market, investors should exercise caution and conduct thorough research before making any investment decisions. Consulting with a financial advisor or expert is highly recommended to ensure alignment with individual investment goals and risk tolerance.

In conclusion, the iShares Global Infrastructure ETF continues to attract attention from hedge funds and institutional investors as they adjust their positions based on market conditions. The current landscape presents both opportunities and challenges; however, investments in global infrastructure projects remain an attractive option for those seeking stable returns over the long term.

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