Park Avenue Securities LLC Cuts Holdings in iShares U.S. Infrastructure ETF (BATS:IFRA)

Park Avenue Securities LLC lessened its holdings in iShares U.S. Infrastructure ETF (BATS:IFRA) by 96.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 25,321 shares of the company’s stock after selling 695,045 shares during the period. Park Avenue Securities LLC owned approximately 0.05% of iShares U.S. Infrastructure ETF worth $1,141,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Bank of America Corp DE grew 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 buying an additional 4,636,315 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in iShares U.S. Infrastructure ETF by 2.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 7,430,047 shares of the company’s stock worth $343,937,000 after buying an additional 205,081 shares in the last quarter. LPL Financial LLC lifted its stake in shares of iShares U.S. Infrastructure ETF by 30.9% during the 4th quarter. LPL Financial LLC now owns 2,836,196 shares of the company’s stock worth $131,287,000 after purchasing an additional 669,413 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of iShares U.S. Infrastructure ETF by 5.3% during the fourth quarter. JPMorgan Chase & Co. now owns 1,602,381 shares of the company’s stock valued at $74,174,000 after buying an additional 80,410 shares during the last quarter. Finally, Wharton Business Group LLC boosted its stake in iShares U.S. Infrastructure ETF by 3.8% in the fourth quarter. Wharton Business Group LLC now owns 1,559,400 shares of the company’s stock valued at $72,185,000 after acquiring an additional 57,600 shares in the last quarter.

iShares U.S. Infrastructure ETF Stock Up 4.0%

IFRA opened at $48.62 on Thursday. iShares U.S. Infrastructure ETF has a 52-week low of $39.94 and a 52-week high of $51.99. The company has a market cap of $2.47 billion, a P/E ratio of 19.68 and a beta of 0.99. The firm’s 50-day moving average price is $46.05 and its 200-day moving average price is $46.79.

iShares U.S. Infrastructure ETF 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.