Avidian Wealth Enterprises LLC Sells 2,758 Shares of iShares U.S. Infrastructure ETF (BATS:IFRA)

Avidian Wealth Enterprises LLC reduced its stake in shares of iShares U.S. Infrastructure ETF (BATS:IFRA) by 4.1% in the fourth quarter, Holdings Channel reports. The fund owned 64,520 shares of the company’s stock after selling 2,758 shares during the quarter. Avidian Wealth Enterprises LLC’s holdings in iShares U.S. Infrastructure ETF were worth $2,987,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of IFRA. Alpha Financial Partners LLC bought a new position in iShares U.S. Infrastructure ETF during the third quarter valued at $359,000. Creative Planning lifted its position in shares of iShares U.S. Infrastructure ETF by 9.8% during the 3rd quarter. Creative Planning now owns 412,110 shares of the company’s stock valued at $19,357,000 after buying an additional 36,742 shares during the last quarter. Watershed Private Wealth LLC lifted its position in shares of iShares U.S. Infrastructure ETF by 1.8% during the 3rd quarter. Watershed Private Wealth LLC now owns 45,434 shares of the company’s stock valued at $2,134,000 after buying an additional 791 shares during the last quarter. Legacy Financial Group LLC grew its stake in shares of iShares U.S. Infrastructure ETF by 3.0% during the 3rd quarter. Legacy Financial Group LLC now owns 33,793 shares of the company’s stock worth $1,587,000 after acquiring an additional 985 shares during the period. Finally, Clearview Wealth Advisors LLC purchased a new stake in iShares U.S. Infrastructure ETF in the 3rd quarter worth about $240,000.

iShares U.S. Infrastructure ETF Stock Performance

BATS IFRA opened at $47.86 on Wednesday. The stock has a market capitalization of $2.63 billion, a P/E ratio of 16.71 and a beta of 0.89. The firm’s 50 day simple moving average is $47.54 and its 200-day simple moving average is $47.10.

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.