Northwest Capital Management Inc lowered its stake in shares of iShares U.S. Infrastructure ETF (BATS:IFRA – Free Report) by 77.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,808 shares of the company’s stock after selling 9,569 shares during the quarter. Northwest Capital Management Inc’s holdings in iShares U.S. Infrastructure ETF were worth $148,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of IFRA. Bessemer Group Inc. boosted its stake in shares of iShares U.S. Infrastructure ETF by 226.7% in the 3rd quarter. Bessemer Group Inc. now owns 526 shares of the company’s stock valued at $28,000 after purchasing an additional 365 shares during the last quarter. Aventura Private Wealth LLC bought a new position in shares of iShares U.S. Infrastructure ETF in the 4th quarter valued at about $28,000. Root Financial Partners LLC bought a new position in shares of iShares U.S. Infrastructure ETF in the 3rd quarter valued at about $32,000. Mather Group LLC. bought a new position in shares of iShares U.S. Infrastructure ETF in the 3rd quarter valued at about $34,000. Finally, Activest Wealth Management bought a new position in shares of iShares U.S. Infrastructure ETF in the 3rd quarter valued at about $34,000.
iShares U.S. Infrastructure ETF Trading Down 1.2%
Shares of BATS IFRA opened at $59.09 on Thursday. The firm has a market capitalization of $3.18 billion, a PE ratio of 19.30 and a beta of 0.98. iShares U.S. Infrastructure ETF has a 1 year low of $42.58 and a 1 year high of $60.87. The firm’s 50-day moving average is $58.62 and its 200-day moving average is $55.36.
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.
Further Reading
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