Avidian Wealth Enterprises LLC Sells 2,758 Shares of iShares U.S. Infrastructure ETF (BATS:IFRA)

Avidian Wealth Enterprises LLC decreased its holdings in iShares U.S. Infrastructure ETF (BATS:IFRA) by 4.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 64,520 shares of the company’s stock after selling 2,758 shares during the quarter. Avidian Wealth Enterprises LLC owned 0.12% of iShares U.S. Infrastructure ETF worth $2,987,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB purchased a new stake in shares of iShares U.S. Infrastructure ETF in the third quarter valued at about $27,000. Continuum Advisory LLC grew its position in iShares U.S. Infrastructure ETF by 41.8% in the 3rd quarter. Continuum Advisory LLC now owns 1,221 shares of the company’s stock worth $60,000 after purchasing an additional 360 shares in the last quarter. Gilliland Jeter Wealth Management LLC increased its stake in iShares U.S. Infrastructure ETF by 38.1% in the 3rd quarter. Gilliland Jeter Wealth Management LLC now owns 1,483 shares of the company’s stock valued at $70,000 after buying an additional 409 shares during the last quarter. Financial Advocates Investment Management bought a new position in shares of iShares U.S. Infrastructure ETF during the 3rd quarter worth approximately $102,000. Finally, Golden State Wealth Management LLC bought a new position in shares of iShares U.S. Infrastructure ETF during the 4th quarter worth approximately $105,000.

iShares U.S. Infrastructure ETF Trading Up 2.3 %

IFRA stock opened at $47.86 on Wednesday. The company has a market capitalization of $2.63 billion, a price-to-earnings ratio of 16.71 and a beta of 0.89. The firm has a 50-day simple moving average of $47.54 and a 200 day simple moving average of $47.10.

iShares U.S. Infrastructure ETF 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.