iShares U.S. Infrastructure ETF (BATS:IFRA) Holdings Trimmed by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC decreased its holdings in iShares U.S. Infrastructure ETF (BATS:IFRA) by 85.1% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 74,102 shares of the company’s stock after selling 423,428 shares during the quarter. Janney Montgomery Scott LLC’s holdings in iShares U.S. Infrastructure ETF were worth $3,340,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Bank of America Corp DE lifted its holdings 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 during the last quarter. Envestnet Asset Management Inc. raised its holdings in iShares U.S. Infrastructure ETF by 2.8% during the 4th 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 during the period. LPL Financial LLC lifted its stake in iShares U.S. Infrastructure ETF by 30.9% during the fourth 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. JPMorgan Chase & Co. lifted its stake in 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 in the last quarter. Finally, Envestnet Portfolio Solutions Inc. boosted its holdings in shares of iShares U.S. Infrastructure ETF by 2.4% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 1,061,486 shares of the company’s stock worth $49,136,000 after buying an additional 24,660 shares during the period.

iShares U.S. Infrastructure ETF Price Performance

IFRA stock opened at $48.85 on Wednesday. The firm has a market capitalization of $2.53 billion, a P/E ratio of 19.68 and a beta of 0.99. iShares U.S. Infrastructure ETF has a 52-week low of $39.94 and a 52-week high of $51.99. The company’s 50 day simple moving average is $47.02 and its 200-day simple moving average is $46.60.

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.