Wealthcare Capital Management LLC Cuts Stock Position in iShares U.S. Infrastructure ETF $IFRA

Wealthcare Capital Management LLC decreased its holdings in shares of iShares U.S. Infrastructure ETF (BATS:IFRA) by 21.9% during the second quarter, HoldingsChannel reports. The institutional investor owned 6,204 shares of the company’s stock after selling 1,740 shares during the period. Wealthcare Capital Management LLC’s holdings in iShares U.S. Infrastructure ETF were worth $305,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. UMB Bank n.a. purchased a new position in iShares U.S. Infrastructure ETF during the second quarter valued at $29,000. Cordant Inc. acquired a new position in shares of iShares U.S. Infrastructure ETF during the 1st quarter worth about $30,000. Financial Gravity Asset Management Inc. acquired a new position in shares of iShares U.S. Infrastructure ETF during the 1st quarter worth about $32,000. Zions Bancorporation National Association UT purchased a new position in iShares U.S. Infrastructure ETF in the 1st quarter valued at about $35,000. Finally, Centricity Wealth Management LLC boosted its holdings in iShares U.S. Infrastructure ETF by 309.5% in the 1st quarter. Centricity Wealth Management LLC now owns 909 shares of the company’s stock worth $41,000 after buying an additional 687 shares during the last quarter.

iShares U.S. Infrastructure ETF Price Performance

Shares of iShares U.S. Infrastructure ETF stock opened at $52.96 on Friday. The stock has a market capitalization of $2.85 billion, a P/E ratio of 19.30 and a beta of 0.98. The business has a 50 day simple moving average of $51.68 and a two-hundred day simple moving average of $48.69. iShares U.S. Infrastructure ETF has a 12 month low of $39.94 and a 12 month high of $51.99.

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.