Parallel Advisors LLC cut its holdings in shares of iShares U.S. Infrastructure ETF (BATS:IFRA – Free Report) by 23.7% in the 2nd quarter, HoldingsChannel reports. The firm owned 2,262 shares of the company’s stock after selling 703 shares during the quarter. Parallel Advisors LLC’s holdings in iShares U.S. Infrastructure ETF were worth $111,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently made changes to their positions in the company. Cordant Inc. purchased a new stake in shares of iShares U.S. Infrastructure ETF during the 1st quarter valued at $30,000. Financial Gravity Asset Management Inc. purchased a new stake in shares of iShares U.S. Infrastructure ETF during the 1st quarter valued at $32,000. American National Bank & Trust purchased a new stake in shares of iShares U.S. Infrastructure ETF during the 1st quarter valued at $35,000. Zions Bancorporation National Association UT purchased a new stake in shares of iShares U.S. Infrastructure ETF during the 1st quarter valued at $35,000. Finally, Centricity Wealth Management LLC increased its position in shares of iShares U.S. Infrastructure ETF by 309.5% during the 1st quarter. Centricity Wealth Management LLC now owns 909 shares of the company’s stock valued at $41,000 after purchasing an additional 687 shares during the last quarter.
iShares U.S. Infrastructure ETF Price Performance
Shares of iShares U.S. Infrastructure ETF stock opened at $52.18 on Wednesday. The firm has a market cap of $2.81 billion, a PE ratio of 19.30 and a beta of 0.98. iShares U.S. Infrastructure ETF has a 1 year low of $39.94 and a 1 year high of $51.99. The stock has a fifty day moving average price of $51.42 and a 200-day moving average price of $48.32.
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.
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