PFG Advisors Reduces Position in iShares U.S. Infrastructure ETF (BATS:IFRA)

PFG Advisors cut its stake in shares of iShares U.S. Infrastructure ETF (BATS:IFRA) by 2.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,249 shares of the company’s stock after selling 236 shares during the quarter. PFG Advisors’ holdings in iShares U.S. Infrastructure ETF were worth $521,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its holdings in iShares U.S. Infrastructure ETF by 2.4% in the third quarter. JPMorgan Chase & Co. now owns 1,521,971 shares of the company’s stock valued at $71,487,000 after purchasing an additional 36,234 shares during the last quarter. Stratos Wealth Partners LTD. boosted its holdings in iShares U.S. Infrastructure ETF by 79.9% in the fourth quarter. Stratos Wealth Partners LTD. now owns 12,121 shares of the company’s stock valued at $561,000 after purchasing an additional 5,385 shares during the last quarter. Allworth Financial LP boosted its holdings in iShares U.S. Infrastructure ETF by 3.3% in the fourth quarter. Allworth Financial LP now owns 9,179 shares of the company’s stock valued at $445,000 after purchasing an additional 289 shares during the last quarter. Benjamin Edwards Inc. purchased a new stake in iShares U.S. Infrastructure ETF in the third quarter valued at $400,000. Finally, Jane Street Group LLC purchased a new stake in iShares U.S. Infrastructure ETF in the third quarter valued at $224,000.

iShares U.S. Infrastructure ETF Stock Performance

IFRA stock opened at $45.92 on Friday. The stock’s 50-day moving average price is $46.89 and its 200-day moving average price is $47.36. The stock has a market cap of $2.36 billion, a price-to-earnings ratio of 19.01 and a beta of 1.05.

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.