PNC Financial Services Group Inc. Sells 113,335 Shares of iShares U.S. Infrastructure ETF (BATS:IFRA)

PNC Financial Services Group Inc. trimmed its position in shares of iShares U.S. Infrastructure ETF (BATS:IFRA) by 20.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 451,209 shares of the company’s stock after selling 113,335 shares during the period. PNC Financial Services Group Inc. owned approximately 0.82% of iShares U.S. Infrastructure ETF worth $20,886,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in IFRA. LPL Financial LLC increased its position in shares of iShares U.S. Infrastructure ETF by 11.8% during the third quarter. LPL Financial LLC now owns 2,166,783 shares of the company’s stock valued at $101,774,000 after purchasing an additional 227,962 shares during the period. Wharton Business Group LLC increased its holdings in iShares U.S. Infrastructure ETF by 3.8% in the 4th quarter. Wharton Business Group LLC now owns 1,559,400 shares of the company’s stock valued at $72,185,000 after buying an additional 57,600 shares during the period. JPMorgan Chase & Co. raised its stake in shares of iShares U.S. Infrastructure ETF by 2.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,521,971 shares of the company’s stock valued at $71,487,000 after buying an additional 36,234 shares in the last quarter. Park Avenue Securities LLC lifted its holdings in shares of iShares U.S. Infrastructure ETF by 4.4% during the 4th quarter. Park Avenue Securities LLC now owns 720,366 shares of the company’s stock worth $33,346,000 after acquiring an additional 30,576 shares during the period. Finally, MML Investors Services LLC boosted its position in shares of iShares U.S. Infrastructure ETF by 3.8% during the 3rd quarter. MML Investors Services LLC now owns 630,423 shares of the company’s stock valued at $29,611,000 after acquiring an additional 23,053 shares in the last quarter.

iShares U.S. Infrastructure ETF Price Performance

BATS:IFRA opened at $44.95 on Tuesday. The firm has a market capitalization of $2.31 billion, a price-to-earnings ratio of 19.01 and a beta of 1.05. The business has a 50-day simple moving average of $47.00 and a 200-day simple moving average of $47.39.

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.