Diversify Advisory Services LLC Decreases Stock Holdings in iShares U.S. Infrastructure ETF (BATS:IFRA)

Diversify Advisory Services LLC trimmed its holdings in shares of iShares U.S. Infrastructure ETF (BATS:IFRA) by 3.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 28,529 shares of the company’s stock after selling 1,051 shares during the quarter. Diversify Advisory Services LLC’s holdings in iShares U.S. Infrastructure ETF were worth $1,293,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Cedar Wealth Management LLC lifted its position in iShares U.S. Infrastructure ETF by 8.3% during the third quarter. Cedar Wealth Management LLC now owns 2,600 shares of the company’s stock valued at $122,000 after purchasing an additional 200 shares in the last quarter. One Wealth Advisors LLC increased its holdings in shares of iShares U.S. Infrastructure ETF by 0.5% in the third quarter. One Wealth Advisors LLC now owns 45,089 shares of the company’s stock worth $2,118,000 after purchasing an additional 211 shares during the last quarter. Concurrent Investment Advisors LLC increased its position in shares of iShares U.S. Infrastructure ETF by 1.5% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 14,244 shares of the company’s stock valued at $669,000 after purchasing an additional 217 shares during the last quarter. Fullcircle Wealth LLC raised its holdings in iShares U.S. Infrastructure ETF by 3.4% during the 3rd quarter. Fullcircle Wealth LLC now owns 6,939 shares of the company’s stock valued at $330,000 after buying an additional 225 shares during the period. Finally, Tsfg LLC raised its holdings in shares of iShares U.S. Infrastructure ETF by 1.0% in the fourth quarter. Tsfg LLC now owns 27,573 shares of the company’s stock worth $1,276,000 after buying an additional 267 shares during the period.

iShares U.S. Infrastructure ETF Price Performance

Shares of IFRA opened at $48.44 on Tuesday. The company’s 50-day moving average is $48.44 and its two-hundred day moving average is $46.66. The stock has a market capitalization of $2.66 billion, a price-to-earnings ratio of 16.71 and a beta of 0.89.

iShares U.S. Infrastructure ETF Company 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.