iShares U.S. Infrastructure ETF (BATS:IFRA) Shares Sold by Laurel Wealth Planning LLC

Laurel Wealth Planning LLC lessened its position in iShares U.S. Infrastructure ETF (BATS:IFRA) by 2.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 195,173 shares of the company’s stock after selling 4,367 shares during the period. iShares U.S. Infrastructure ETF comprises about 5.8% of Laurel Wealth Planning LLC’s portfolio, making the stock its 4th biggest holding. Laurel Wealth Planning LLC’s holdings in iShares U.S. Infrastructure ETF were worth $9,035,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the company. Concurrent Investment Advisors LLC grew its holdings in iShares U.S. Infrastructure ETF by 94.2% during the fourth quarter. Concurrent Investment Advisors LLC now owns 27,665 shares of the company’s stock worth $1,281,000 after purchasing an additional 13,421 shares during the period. Private Advisor Group LLC lifted its position in shares of iShares U.S. Infrastructure ETF by 3.1% in the fourth quarter. Private Advisor Group LLC now owns 49,937 shares of the company’s stock valued at $2,312,000 after buying an additional 1,483 shares during the last quarter. Global Retirement Partners LLC boosted its stake in shares of iShares U.S. Infrastructure ETF by 27.1% during the 4th quarter. Global Retirement Partners LLC now owns 8,915 shares of the company’s stock worth $413,000 after acquiring an additional 1,900 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its holdings in shares of iShares U.S. Infrastructure ETF by 13.1% during the 4th quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 93,628 shares of the company’s stock worth $4,334,000 after acquiring an additional 10,864 shares during the last quarter. Finally, Kestra Investment Management LLC raised its stake in iShares U.S. Infrastructure ETF by 5.8% in the 4th quarter. Kestra Investment Management LLC now owns 327,475 shares of the company’s stock valued at $15,159,000 after acquiring an additional 17,869 shares during the period.

iShares U.S. Infrastructure ETF Stock Up 2.2 %

Shares of iShares U.S. Infrastructure ETF stock opened at $47.80 on Thursday. The firm has a market cap 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 $47.24 and its two-hundred day simple moving average is $47.18.

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.