HighTower Advisors LLC Sells 20,392 Shares of iShares U.S. Infrastructure ETF (BATS:IFRA)

HighTower Advisors LLC lessened its stake in shares of iShares U.S. Infrastructure ETF (BATS:IFRA) by 14.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 125,166 shares of the company’s stock after selling 20,392 shares during the quarter. HighTower Advisors LLC owned approximately 0.23% of iShares U.S. Infrastructure ETF worth $5,794,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Riverbend Wealth Management LLC purchased a new position in shares of iShares U.S. Infrastructure ETF in the 4th quarter worth approximately $519,000. Independent Advisor Alliance purchased a new position in iShares U.S. Infrastructure ETF in the fourth quarter worth $1,528,000. Strategic Equity Management grew its holdings in iShares U.S. Infrastructure ETF by 15.9% in the fourth quarter. Strategic Equity Management now owns 53,296 shares of the company’s stock worth $2,467,000 after purchasing an additional 7,298 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich increased its position in shares of iShares U.S. Infrastructure ETF by 7.4% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 9,515 shares of the company’s stock worth $486,000 after purchasing an additional 658 shares in the last quarter. Finally, Haven Private LLC purchased a new stake in shares of iShares U.S. Infrastructure ETF during the 4th quarter valued at $7,407,000.

iShares U.S. Infrastructure ETF Price Performance

Shares of IFRA stock opened at $46.15 on Thursday. The stock’s fifty day moving average price is $46.86 and its 200 day moving average price is $47.39. iShares U.S. Infrastructure ETF has a 1-year low of $40.93 and a 1-year high of $51.99. The company has a market cap of $2.37 billion, a price-to-earnings ratio of 19.01 and a beta of 1.05.

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.