iShares U.S. Digital Infrastructure and Real Estate ETF (NYSEARCA:IDGT) Trading Up 4.7% – Still a Buy?

iShares U.S. Digital Infrastructure and Real Estate ETF (NYSEARCA:IDGT)’s stock price traded up 4.7% during trading on Friday . The company traded as high as $88.52 and last traded at $88.52. 6,109 shares were traded during mid-day trading, a decline of 51% from the average session volume of 12,584 shares. The stock had previously closed at $84.58.

iShares U.S. Digital Infrastructure and Real Estate ETF Trading Up 4.7%

The firm has a market capitalization of $141.63 million, a price-to-earnings ratio of 32.93 and a beta of 1.08. The firm has a fifty day moving average price of $86.50 and a 200 day moving average price of $86.19.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Sunbelt Securities Inc. lifted its holdings in iShares U.S. Digital Infrastructure and Real Estate ETF by 7,428.0% during the third quarter. Sunbelt Securities Inc. now owns 1,882 shares of the company’s stock worth $163,000 after acquiring an additional 1,857 shares in the last quarter. Jones Financial Companies Lllp raised its position in shares of iShares U.S. Digital Infrastructure and Real Estate ETF by 39.5% during the third quarter. Jones Financial Companies Lllp now owns 5,491 shares of the company’s stock worth $474,000 after purchasing an additional 1,555 shares during the period. Howard Capital Management Group LLC acquired a new stake in shares of iShares U.S. Digital Infrastructure and Real Estate ETF during the third quarter worth about $208,000. Finally, Captrust Financial Advisors bought a new position in shares of iShares U.S. Digital Infrastructure and Real Estate ETF during the 2nd quarter valued at about $223,000.

About iShares U.S. Digital Infrastructure and Real Estate ETF

The iShares U.S. Digital Infrastructure and Real Estate ETF (IDGT) is an exchange-traded fund that mostly invests in information technology equity. The fund tracks an index of 50 US stocks involved in data centers, telecommunication towers, and related equipment. The fund uses a tiered approach in selection and weighting. IDGT was launched on Jul 10, 2001 and is issued by BlackRock.