Orion Portfolio Solutions LLC cut its holdings in shares of iShares U.S. Infrastructure ETF (BATS:IFRA – Free Report) by 2.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 53,922 shares of the company’s stock after selling 1,261 shares during the period. Orion Portfolio Solutions LLC owned about 0.10% of iShares U.S. Infrastructure ETF worth $2,338,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Sharkey Howes & Javer increased its stake in shares of iShares U.S. Infrastructure ETF by 8.3% in the fourth quarter. Sharkey Howes & Javer now owns 59,678 shares of the company’s stock valued at $2,403,000 after buying an additional 4,568 shares during the period. Brookstone Capital Management increased its position in iShares U.S. Infrastructure ETF by 10.1% during the 4th quarter. Brookstone Capital Management now owns 30,481 shares of the company’s stock valued at $1,227,000 after purchasing an additional 2,804 shares during the period. CWM LLC raised its holdings in iShares U.S. Infrastructure ETF by 2.9% during the 4th quarter. CWM LLC now owns 887,402 shares of the company’s stock worth $35,736,000 after purchasing an additional 25,254 shares during the last quarter. Lincoln National Corp lifted its position in shares of iShares U.S. Infrastructure ETF by 44.2% in the 4th quarter. Lincoln National Corp now owns 13,460 shares of the company’s stock worth $542,000 after purchasing an additional 4,128 shares during the period. Finally, TSA Wealth Managment LLC bought a new stake in shares of iShares U.S. Infrastructure ETF in the 4th quarter valued at $1,597,000.
iShares U.S. Infrastructure ETF Price Performance
Shares of BATS IFRA opened at $44.59 on Friday. The company has a market capitalization of $2.45 billion, a P/E ratio of 16.71 and a beta of 0.89. The business’s fifty day moving average price is $43.16 and its two-hundred day moving average price is $41.74.
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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