Mayflower Financial Advisors LLC Sells 16,029 Shares of iShares U.S. Infrastructure ETF (BATS:IFRA)

Mayflower Financial Advisors LLC trimmed its position in shares of iShares U.S. Infrastructure ETF (BATS:IFRA) by 75.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,182 shares of the company’s stock after selling 16,029 shares during the period. Mayflower Financial Advisors LLC’s holdings in iShares U.S. Infrastructure ETF were worth $234,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in IFRA. Bank of America Corp DE boosted its stake in shares of iShares U.S. Infrastructure ETF by 86.2% during the fourth quarter. Bank of America Corp DE now owns 10,016,976 shares of the company’s stock valued at $463,686,000 after purchasing an additional 4,636,315 shares in the last quarter. LPL Financial LLC lifted its stake in iShares U.S. Infrastructure ETF by 30.9% in the 4th quarter. LPL Financial LLC now owns 2,836,196 shares of the company’s stock valued at $131,287,000 after buying an additional 669,413 shares in the last quarter. Raymond James Financial Inc. acquired a new position in iShares U.S. Infrastructure ETF during the fourth quarter worth about $19,464,000. Ameriprise Financial Inc. lifted its holdings in shares of iShares U.S. Infrastructure ETF by 32.6% in the 4th quarter. Ameriprise Financial Inc. now owns 857,864 shares of the company’s stock worth $39,701,000 after acquiring an additional 211,018 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its position in shares of iShares U.S. Infrastructure ETF by 2.8% in the 4th quarter. Envestnet Asset Management Inc. now owns 7,430,047 shares of the company’s stock valued at $343,937,000 after purchasing an additional 205,081 shares during the last quarter.

iShares U.S. Infrastructure ETF Trading Up 8.0%

BATS IFRA opened at $50.51 on Friday. iShares U.S. Infrastructure ETF has a 52 week low of $39.94 and a 52 week high of $51.99. The company’s fifty day simple moving average is $48.66 and its 200-day simple moving average is $46.85. The stock has a market cap of $2.72 billion, a P/E ratio of 19.30 and a beta of 0.98.

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.