iShares U.S. Digital Infrastructure and Real Estate ETF (NYSEARCA:IDGT) Stock Pass Above Fifty Day Moving Average – Here’s Why

iShares U.S. Digital Infrastructure and Real Estate ETF (NYSEARCA:IDGT)’s stock price crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $79.61 and traded as high as $85.17. iShares U.S. Digital Infrastructure and Real Estate ETF shares last traded at $84.99, with a volume of 7,478 shares changing hands.

iShares U.S. Digital Infrastructure and Real Estate ETF Stock Performance

The business has a 50-day simple moving average of $79.88 and a 200 day simple moving average of $75.25. The firm has a market cap of $51.42 million and a P/E ratio of 30.09.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in iShares U.S. Digital Infrastructure and Real Estate ETF stock. Howard Capital Management Group LLC purchased a new stake in shares of iShares U.S. Digital Infrastructure and Real Estate ETF (NYSEARCA:IDGT) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 3,312 shares of the company’s stock, valued at approximately $233,000. Howard Capital Management Group LLC owned 0.55% of iShares U.S. Digital Infrastructure and Real Estate ETF at the end of the most recent reporting period.

iShares U.S. Digital Infrastructure and Real Estate ETF Company Profile

The iShares U.S. Digital Infrastructure and Real Estate ETF (IDGT) is an exchange-traded fund that mostly invests in information technology equity. The fund tracks an index of 50 US stocks involved in data centers, telecommunication towers, and related equipment. The fund uses a tiered approach in selection and weighting.