Bank of America Corp DE Sells 355,713 Shares of iShares U.S. Infrastructure ETF $IFRA

Bank of America Corp DE lessened its holdings in iShares U.S. Infrastructure ETF (BATS:IFRA) by 3.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,743,945 shares of the company’s stock after selling 355,713 shares during the quarter. Bank of America Corp DE owned 0.18% of iShares U.S. Infrastructure ETF worth $557,354,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in IFRA. LPL Financial LLC raised its stake in shares of iShares U.S. Infrastructure ETF by 8.0% during the 4th quarter. LPL Financial LLC now owns 1,149,312 shares of the company’s stock worth $60,477,000 after purchasing an additional 85,038 shares during the period. Cetera Investment Advisers grew its position in iShares U.S. Infrastructure ETF by 52.6% during the first quarter. Cetera Investment Advisers now owns 1,076,201 shares of the company’s stock valued at $61,559,000 after buying an additional 371,039 shares during the period. Mariner LLC grew its position in iShares U.S. Infrastructure ETF by 5.6% during the fourth quarter. Mariner LLC now owns 1,025,850 shares of the company’s stock valued at $53,980,000 after buying an additional 54,428 shares during the period. Hsbc Holdings PLC increased its holdings in iShares U.S. Infrastructure ETF by 0.6% during the first quarter. Hsbc Holdings PLC now owns 758,522 shares of the company’s stock worth $43,387,000 after buying an additional 4,617 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in iShares U.S. Infrastructure ETF by 3.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 483,634 shares of the company’s stock worth $25,449,000 after buying an additional 14,781 shares during the last quarter.

iShares U.S. Infrastructure ETF Stock Performance

Shares of IFRA stock opened at $60.57 on Friday. The firm has a market cap of $3.26 billion, a price-to-earnings ratio of 19.30 and a beta of 0.98. iShares U.S. Infrastructure ETF has a 52 week low of $49.49 and a 52 week high of $64.25. The firm’s 50-day simple moving average is $61.73 and its two-hundred day simple moving average is $59.84.

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.