Midwest Capital Advisors LLC trimmed its position in shares of iShares U.S. Infrastructure ETF (BATS:IFRA – Free Report) by 61.7% during the second quarter, Holdings Channel reports. The firm owned 2,638 shares of the company’s stock after selling 4,258 shares during the quarter. Midwest Capital Advisors LLC’s holdings in iShares U.S. Infrastructure ETF were worth $130,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in IFRA. Wealth Enhancement Advisory Services LLC lifted its stake in iShares U.S. Infrastructure ETF by 4.8% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 41,511 shares of the company’s stock worth $1,871,000 after purchasing an additional 1,909 shares in the last quarter. Opal Wealth Advisors LLC acquired a new position in iShares U.S. Infrastructure ETF during the first quarter worth $43,000. Everpar Advisors LLC acquired a new position in iShares U.S. Infrastructure ETF during the first quarter worth $263,000. Grove Bank & Trust acquired a new position in iShares U.S. Infrastructure ETF during the first quarter worth $90,000. Finally, Copia Wealth Management lifted its stake in iShares U.S. Infrastructure ETF by 6.3% during the first quarter. Copia Wealth Management now owns 25,854 shares of the company’s stock worth $1,165,000 after purchasing an additional 1,527 shares in the last quarter.
iShares U.S. Infrastructure ETF Trading Up 11.4%
Shares of BATS IFRA opened at $52.09 on Friday. The stock has a market cap of $2.80 billion, a P/E ratio of 19.30 and a beta of 0.98. iShares U.S. Infrastructure ETF has a 12-month low of $39.94 and a 12-month high of $51.99. The business’s fifty day simple moving average is $51.90 and its 200-day simple moving average is $48.93.
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.
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