KPP Advisory Services LLC Sells 580 Shares of iShares U.S. Infrastructure ETF (BATS:IFRA)

KPP Advisory Services LLC decreased its holdings in iShares U.S. Infrastructure ETF (BATS:IFRA) by 3.5% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 16,039 shares of the company’s stock after selling 580 shares during the quarter. KPP Advisory Services LLC’s holdings in iShares U.S. Infrastructure ETF were worth $676,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in IFRA. Brookstone Capital Management raised its stake in iShares U.S. Infrastructure ETF by 7.9% in the 2nd quarter. Brookstone Capital Management now owns 33,139 shares of the company’s stock valued at $1,484,000 after acquiring an additional 2,425 shares during the period. Diversify Advisory Services LLC acquired a new position in shares of iShares U.S. Infrastructure ETF in the first quarter valued at $1,355,000. Strategic Blueprint LLC raised its position in shares of iShares U.S. Infrastructure ETF by 0.8% in the second quarter. Strategic Blueprint LLC now owns 45,883 shares of the company’s stock valued at $1,933,000 after purchasing an additional 378 shares during the period. Zions Bancorporation N.A. acquired a new stake in shares of iShares U.S. Infrastructure ETF during the 2nd quarter worth about $33,000. Finally, Mather Group LLC. boosted its holdings in shares of iShares U.S. Infrastructure ETF by 52.0% during the 2nd quarter. Mather Group LLC. now owns 2,603 shares of the company’s stock worth $113,000 after buying an additional 891 shares during the period.

iShares U.S. Infrastructure ETF Stock Performance

iShares U.S. Infrastructure ETF stock opened at $46.96 on Tuesday. The firm has a fifty day moving average of $45.08 and a 200-day moving average of $43.68. The company has a market cap of $2.58 billion, a PE 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.