Private Advisor Group LLC Trims Position in iShares U.S. Infrastructure ETF (BATS:IFRA)

Private Advisor Group LLC trimmed its position in iShares U.S. Infrastructure ETF (BATS:IFRA) by 5.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,026 shares of the company’s stock after selling 1,989 shares during the quarter. Private Advisor Group LLC owned approximately 0.07% of iShares U.S. Infrastructure ETF worth $1,517,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of IFRA. Brio Consultants LLC increased its position in shares of iShares U.S. Infrastructure ETF by 1.7% in the fourth quarter. Brio Consultants LLC now owns 169,138 shares of the company’s stock worth $6,811,000 after purchasing an additional 2,899 shares during the last quarter. Brown Advisory Inc. purchased a new stake in shares of iShares U.S. Infrastructure ETF during the 4th quarter valued at $308,000. Laurel Wealth Planning LLC lifted its holdings in shares of iShares U.S. Infrastructure ETF by 2.1% during the 4th quarter. Laurel Wealth Planning LLC now owns 209,785 shares of the company’s stock worth $8,448,000 after acquiring an additional 4,367 shares during the last quarter. Wells Fargo & Company MN grew its position in iShares U.S. Infrastructure ETF by 8.0% in the fourth quarter. Wells Fargo & Company MN now owns 472,184 shares of the company’s stock worth $19,015,000 after acquiring an additional 34,802 shares in the last quarter. Finally, Certus Wealth Management LLC increased its stake in iShares U.S. Infrastructure ETF by 2.9% in the fourth quarter. Certus Wealth Management LLC now owns 15,053 shares of the company’s stock valued at $606,000 after acquiring an additional 420 shares during the last quarter.

iShares U.S. Infrastructure ETF Stock Performance

Shares of IFRA stock opened at $45.61 on Friday. The business’s 50-day moving average price is $44.43 and its 200-day moving average price is $43.26. The company has a market capitalization of $2.51 billion, a price-to-earnings ratio of 16.71 and a beta of 0.89.

iShares U.S. Infrastructure ETF Profile

The iShares U.S. Infrastructure ETF (IFRA) is an exchange-traded fund that is based on the NYSE FactSet U.S. Infrastructure index. The fund tracks an index of US-listed infrastructure companies that derive a significant portion of their revenue from within the US. IFRA was launched on Apr 3, 2018 and is managed by BlackRock.