RFG Advisory LLC Sells 623 Shares of iShares U.S. Infrastructure ETF (BATS:IFRA)

RFG Advisory LLC reduced its stake in iShares U.S. Infrastructure ETF (BATS:IFRA) by 3.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,737 shares of the company’s stock after selling 623 shares during the period. RFG Advisory LLC’s holdings in iShares U.S. Infrastructure ETF were worth $789,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. CWM LLC grew its stake in iShares U.S. Infrastructure ETF by 2.9% in the 4th quarter. CWM LLC now owns 887,402 shares of the company’s stock worth $35,736,000 after acquiring an additional 25,254 shares in the last quarter. Lincoln National Corp boosted its stake in shares of iShares U.S. Infrastructure ETF by 44.2% during the fourth quarter. Lincoln National Corp now owns 13,460 shares of the company’s stock valued at $542,000 after purchasing an additional 4,128 shares in the last quarter. TSA Wealth Managment LLC bought a new position in shares of iShares U.S. Infrastructure ETF during the fourth quarter valued at approximately $1,597,000. Diversify Advisory Services LLC bought a new position in shares of iShares U.S. Infrastructure ETF during the first quarter valued at approximately $1,355,000. Finally, Orion Portfolio Solutions LLC boosted its stake in shares of iShares U.S. Infrastructure ETF by 36.3% during the fourth quarter. Orion Portfolio Solutions LLC now owns 55,183 shares of the company’s stock valued at $2,199,000 after purchasing an additional 14,695 shares in the last quarter.

iShares U.S. Infrastructure ETF Stock Performance

Shares of BATS IFRA traded down $0.36 during midday trading on Monday, reaching $43.31. 222,940 shares of the company’s stock traded hands. The stock’s 50 day moving average is $43.33 and its 200 day moving average is $42.38. The stock has a market cap of $2.38 billion, a P/E ratio of 16.71 and a beta of 0.89.

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.