Kickstand Ventures LLC. cut its holdings in shares of iShares U.S. Infrastructure ETF (BATS:IFRA – Free Report) by 61.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,601 shares of the company’s stock after selling 26,874 shares during the period. Kickstand Ventures LLC.’s holdings in iShares U.S. Infrastructure ETF were worth $669,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. Envestnet Portfolio Solutions Inc. bought a new position in shares of iShares U.S. Infrastructure ETF in the third quarter valued at $33,812,000. Wharton Business Group LLC raised its stake in iShares U.S. Infrastructure ETF by 196.1% during the 3rd quarter. Wharton Business Group LLC now owns 1,068,950 shares of the company’s stock valued at $39,113,000 after purchasing an additional 707,935 shares during the period. Hsbc Holdings PLC purchased a new position in shares of iShares U.S. Infrastructure ETF during the 3rd quarter valued at $18,350,000. Janney Montgomery Scott LLC purchased a new position in shares of iShares U.S. Infrastructure ETF during the 4th quarter valued at $18,725,000. Finally, Scarborough Advisors LLC grew its holdings in shares of iShares U.S. Infrastructure ETF by 365.5% during the 3rd quarter. Scarborough Advisors LLC now owns 388,282 shares of the company’s stock valued at $14,207,000 after acquiring an additional 304,873 shares in the last quarter.
iShares U.S. Infrastructure ETF Stock Performance
Shares of iShares U.S. Infrastructure ETF stock traded down $0.24 on Friday, hitting $44.51. 163,480 shares of the company traded hands. The stock’s 50-day moving average is $42.63 and its 200-day moving average is $40.13. The company has a market cap of $2.45 billion, a P/E 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.
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