Wealth Enhancement Advisory Services LLC lowered its holdings in shares of iShares U.S. Infrastructure ETF (BATS:IFRA – Free Report) by 4.9% during the third quarter, HoldingsChannel reports. The firm owned 36,837 shares of the company’s stock after selling 1,883 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in iShares U.S. Infrastructure ETF were worth $1,730,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of the business. Pettinga Financial Advisors LLC lifted its stake in iShares U.S. Infrastructure ETF by 0.4% in the 3rd quarter. Pettinga Financial Advisors LLC now owns 94,103 shares of the company’s stock valued at $4,420,000 after purchasing an additional 365 shares during the last quarter. West Wealth Group LLC boosted its holdings in shares of iShares U.S. Infrastructure ETF by 7.3% during the 3rd quarter. West Wealth Group LLC now owns 70,813 shares of the company’s stock worth $3,326,000 after buying an additional 4,791 shares during the period. Merkkuri Wealth Advisors LLC acquired a new position in iShares U.S. Infrastructure ETF in the 3rd quarter valued at about $229,000. Detalus Advisors LLC raised its holdings in iShares U.S. Infrastructure ETF by 2.0% in the 3rd quarter. Detalus Advisors LLC now owns 43,494 shares of the company’s stock valued at $2,043,000 after acquiring an additional 852 shares during the period. Finally, Private Advisor Group LLC lifted its holdings in iShares U.S. Infrastructure ETF by 34.5% during the 3rd quarter. Private Advisor Group LLC now owns 48,454 shares of the company’s stock worth $2,276,000 after purchasing an additional 12,428 shares during the last quarter.
iShares U.S. Infrastructure ETF Stock Down 0.5 %
IFRA stock opened at $46.68 on Monday. The company has a market cap of $2.57 billion, a PE ratio of 16.71 and a beta of 0.89. The stock’s fifty day moving average price is $46.36 and its two-hundred day moving average price is $44.47.
About iShares U.S. Infrastructure ETF
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.
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