iShares U.S. Infrastructure ETF $IFRA Shares Sold by Kestra Advisory Services LLC

Kestra Advisory Services LLC cut its holdings in iShares U.S. Infrastructure ETF (BATS:IFRA) by 18.1% during the first quarter, Holdings Channel reports. The institutional investor owned 73,760 shares of the company’s stock after selling 16,259 shares during the period. Kestra Advisory Services LLC’s holdings in iShares U.S. Infrastructure ETF were worth $3,324,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Northern Trust Corp raised its stake in iShares U.S. Infrastructure ETF by 0.8% in the fourth quarter. Northern Trust Corp now owns 64,153 shares of the company’s stock valued at $2,970,000 after buying an additional 519 shares in the last quarter. Citizens Financial Group Inc. RI acquired a new stake in iShares U.S. Infrastructure ETF in the first quarter valued at $285,000. Focus Partners Wealth acquired a new stake in iShares U.S. Infrastructure ETF in the fourth quarter valued at $399,000. Kingsview Wealth Management LLC acquired a new stake in shares of iShares U.S. Infrastructure ETF during the first quarter worth about $200,000. Finally, Wealth Enhancement Advisory Services LLC increased its position in shares of iShares U.S. Infrastructure ETF by 4.8% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 41,511 shares of the company’s stock worth $1,871,000 after purchasing an additional 1,909 shares in the last quarter.

iShares U.S. Infrastructure ETF Stock Performance

IFRA opened at $52.32 on Thursday. The business’s 50-day simple moving average is $50.55 and its 200-day simple moving average is $47.67. iShares U.S. Infrastructure ETF has a one year low of $39.94 and a one year high of $51.99. The stock has a market capitalization of $2.81 billion, a P/E ratio of 19.30 and a beta of 0.98.

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.