iShares U.S. Infrastructure ETF (BATS:IFRA) Shares Sold by Diversify Advisory Services LLC

Diversify Advisory Services LLC trimmed its stake in iShares U.S. Infrastructure ETF (BATS:IFRA) by 2.0% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 30,805 shares of the company’s stock after selling 621 shares during the quarter. Diversify Advisory Services LLC owned approximately 0.06% of iShares U.S. Infrastructure ETF worth $1,280,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Envestnet Asset Management Inc. lifted its position in iShares U.S. Infrastructure ETF by 2.4% in the 4th quarter. Envestnet Asset Management Inc. now owns 6,993,830 shares of the company’s stock valued at $281,642,000 after purchasing an additional 163,064 shares during the last quarter. Scarborough Advisors LLC raised its holdings in shares of iShares U.S. Infrastructure ETF by 1,247.5% during the fourth quarter. Scarborough Advisors LLC now owns 1,161,893 shares of the company’s stock valued at $46,789,000 after buying an additional 1,075,667 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in shares of iShares U.S. Infrastructure ETF by 5.7% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 977,037 shares of the company’s stock worth $39,345,000 after buying an additional 52,965 shares during the period. CWM LLC boosted its position in shares of iShares U.S. Infrastructure ETF by 2.9% during the fourth quarter. CWM LLC now owns 887,402 shares of the company’s stock worth $35,736,000 after buying an additional 25,254 shares during the period. Finally, Park Avenue Securities LLC grew its holdings in iShares U.S. Infrastructure ETF by 0.4% in the 2nd quarter. Park Avenue Securities LLC now owns 700,644 shares of the company’s stock worth $29,511,000 after buying an additional 2,848 shares in the last quarter.

iShares U.S. Infrastructure ETF Trading Down 0.7 %

IFRA stock traded down $0.29 during trading on Friday, reaching $43.67. 143,749 shares of the company’s stock were exchanged. The stock has a market capitalization of $2.40 billion, a price-to-earnings ratio of 16.71 and a beta of 0.89. The company has a fifty day simple moving average of $43.33 and a two-hundred day simple moving average of $42.35.

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.