Cardinal Strategic Wealth Guidance Sells 2,887 Shares of iShares U.S. Infrastructure ETF (BATS:IFRA)

Cardinal Strategic Wealth Guidance reduced its stake in iShares U.S. Infrastructure ETF (BATS:IFRA) by 9.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,082 shares of the company’s stock after selling 2,887 shares during the quarter. iShares U.S. Infrastructure ETF accounts for 0.4% of Cardinal Strategic Wealth Guidance’s portfolio, making the stock its 26th largest position. Cardinal Strategic Wealth Guidance’s holdings in iShares U.S. Infrastructure ETF were worth $1,300,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Alpha Financial Partners LLC acquired a new position in iShares U.S. Infrastructure ETF during the third quarter worth $359,000. Wedmont Private Capital bought a new stake in shares of iShares U.S. Infrastructure ETF during the 3rd quarter worth approximately $234,000. Creative Planning raised its stake in shares of iShares U.S. Infrastructure ETF by 9.8% during the 3rd quarter. Creative Planning now owns 412,110 shares of the company’s stock worth $19,357,000 after purchasing an additional 36,742 shares in the last quarter. Watershed Private Wealth LLC boosted its holdings in shares of iShares U.S. Infrastructure ETF by 1.8% in the 3rd quarter. Watershed Private Wealth LLC now owns 45,434 shares of the company’s stock valued at $2,134,000 after buying an additional 791 shares during the last quarter. Finally, Legacy Financial Group LLC grew its stake in shares of iShares U.S. Infrastructure ETF by 3.0% in the third quarter. Legacy Financial Group LLC now owns 33,793 shares of the company’s stock valued at $1,587,000 after buying an additional 985 shares in the last quarter.

iShares U.S. Infrastructure ETF Stock Performance

Shares of IFRA opened at $47.78 on Tuesday. The firm has a market capitalization of $2.63 billion, a P/E ratio of 16.71 and a beta of 0.89. The stock’s fifty day moving average price is $47.60 and its two-hundred day moving average price is $47.08.

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.