Shira Ridge Wealth Management Reduces Stock Position in iShares U.S. Infrastructure ETF (BATS:IFRA)

Shira Ridge Wealth Management decreased its position in shares of iShares U.S. Infrastructure ETF (BATS:IFRA) by 76.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 6,465 shares of the company’s stock after selling 21,254 shares during the period. Shira Ridge Wealth Management’s holdings in iShares U.S. Infrastructure ETF were worth $299,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Wharton Business Group LLC increased its position in iShares U.S. Infrastructure ETF by 37.5% during the third quarter. Wharton Business Group LLC now owns 1,501,800 shares of the company’s stock worth $70,540,000 after buying an additional 409,880 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in iShares U.S. Infrastructure ETF in the second quarter valued at approximately $12,791,000. Kestra Investment Management LLC purchased a new position in iShares U.S. Infrastructure ETF during the second quarter worth approximately $11,516,000. LPL Financial LLC grew its holdings in shares of iShares U.S. Infrastructure ETF by 11.8% during the 3rd quarter. LPL Financial LLC now owns 2,166,783 shares of the company’s stock worth $101,774,000 after purchasing an additional 227,962 shares during the period. Finally, Creative Planning lifted its position in iShares U.S. Infrastructure ETF by 21.2% during the second quarter. Creative Planning now owns 375,368 shares of the company’s stock valued at $15,810,000 after buying an additional 65,544 shares in the last quarter.

iShares U.S. Infrastructure ETF Stock Performance

Shares of IFRA stock opened at $45.77 on Tuesday. The company has a 50 day simple moving average of $48.68 and a two-hundred day simple moving average of $46.44. The stock has a market cap of $2.52 billion, a P/E ratio of 16.71 and a beta of 0.89.

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.