Fiduciary Alliance LLC trimmed its holdings in shares of iShares U.S. Infrastructure ETF (BATS:IFRA – Free Report) by 38.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,008 shares of the company’s stock after selling 3,739 shares during the period. Fiduciary Alliance LLC’s holdings in iShares U.S. Infrastructure ETF were worth $278,000 as of its most recent filing with the SEC.
Several other large investors also recently modified their holdings of the stock. Graypoint LLC bought a new position in iShares U.S. Infrastructure ETF during the fourth quarter worth $980,000. One Wealth Capital Management LLC bought a new position in shares of iShares U.S. Infrastructure ETF during the 4th quarter worth about $572,000. Ridgeline Wealth LLC bought a new stake in iShares U.S. Infrastructure ETF in the 4th quarter valued at about $288,000. JPMorgan Chase & Co. raised its stake in iShares U.S. Infrastructure ETF by 2.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,521,971 shares of the company’s stock worth $71,487,000 after buying an additional 36,234 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in iShares U.S. Infrastructure ETF by 31.2% in the third quarter. Principal Financial Group Inc. now owns 120,375 shares of the company’s stock worth $5,654,000 after acquiring an additional 28,600 shares in the last quarter.
iShares U.S. Infrastructure ETF Trading Up 2.2 %
BATS IFRA opened at $46.77 on Wednesday. The firm has a market cap of $2.57 billion, a P/E ratio of 16.71 and a beta of 0.89. The company has a 50-day simple moving average of $48.65 and a two-hundred day simple moving average of $46.46.
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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