Raleigh Capital Management Inc. cut its position in iShares U.S. Infrastructure ETF (BATS:IFRA – Free Report) by 25.4% in the third quarter, Holdings Channel reports. The firm owned 4,162 shares of the company’s stock after selling 1,419 shares during the period. Raleigh Capital Management Inc.’s holdings in iShares U.S. Infrastructure ETF were worth $152,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Morgan Stanley raised its stake in iShares U.S. Infrastructure ETF by 22.9% during the 3rd quarter. Morgan Stanley now owns 1,505,136 shares of the company’s stock valued at $55,073,000 after acquiring an additional 280,880 shares during the last quarter. BlackRock Inc. raised its stake in iShares U.S. Infrastructure ETF by 1.9% during the 2nd quarter. BlackRock Inc. now owns 1,232,671 shares of the company’s stock valued at $48,173,000 after acquiring an additional 22,605 shares during the last quarter. 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 acquiring an additional 707,935 shares during the last quarter. JPMorgan Chase & Co. raised its stake in iShares U.S. Infrastructure ETF by 10.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,009,888 shares of the company’s stock valued at $36,959,000 after acquiring an additional 99,150 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. purchased a new stake in iShares U.S. Infrastructure ETF during the 3rd quarter valued at approximately $33,812,000.
iShares U.S. Infrastructure ETF Trading Up 0.8 %
Shares of IFRA stock opened at $41.53 on Friday. The stock has a market cap of $2.21 billion, a P/E ratio of 15.08 and a beta of 1.03. The stock’s 50-day simple moving average is $39.76 and its 200 day simple moving average is $38.37.
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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