CFS Investment Advisory Services LLC cut its position in iShares U.S. Infrastructure ETF (BATS:IFRA – Free Report) by 2.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 64,329 shares of the company’s stock after selling 1,393 shares during the period. CFS Investment Advisory Services LLC’s holdings in iShares U.S. Infrastructure ETF were worth $2,978,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of IFRA. Wilmington Savings Fund Society FSB acquired a new position in shares of iShares U.S. Infrastructure ETF in the third quarter worth $27,000. Continuum Advisory LLC boosted its holdings in iShares U.S. Infrastructure ETF by 41.8% in the third quarter. Continuum Advisory LLC now owns 1,221 shares of the company’s stock valued at $60,000 after purchasing an additional 360 shares during the period. Gilliland Jeter Wealth Management LLC grew its stake in iShares U.S. Infrastructure ETF by 38.1% during the 3rd quarter. Gilliland Jeter Wealth Management LLC now owns 1,483 shares of the company’s stock worth $70,000 after purchasing an additional 409 shares in the last quarter. Financial Advocates Investment Management purchased a new stake in iShares U.S. Infrastructure ETF during the 3rd quarter worth about $102,000. Finally, Cedar Wealth Management LLC raised its position in iShares U.S. Infrastructure ETF by 8.3% in the 3rd quarter. Cedar Wealth Management LLC now owns 2,600 shares of the company’s stock valued at $122,000 after purchasing an additional 200 shares in the last quarter.
iShares U.S. Infrastructure ETF Stock Up 3.5 %
Shares of IFRA opened at $48.43 on Friday. The firm has a 50-day moving average of $48.37 and a 200-day moving average of $46.79. The stock has a market cap of $2.66 billion, a PE ratio of 16.71 and a beta of 0.89.
About iShares U.S. Infrastructure ETF
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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Want to see what other hedge funds are holding IFRA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares U.S. Infrastructure ETF (BATS:IFRA – Free Report).
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