Sunbelt Securities Inc. Trims Stock Position in iShares U.S. Infrastructure ETF (BATS:IFRA)

Sunbelt Securities Inc. cut its stake in iShares U.S. Infrastructure ETF (BATS:IFRA) by 19.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,424 shares of the company’s stock after selling 5,716 shares during the quarter. Sunbelt Securities Inc.’s holdings in iShares U.S. Infrastructure ETF were worth $1,101,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cordant Inc. purchased a new position in shares of iShares U.S. Infrastructure ETF during the first quarter valued at about $30,000. American National Bank & Trust bought a new stake in iShares U.S. Infrastructure ETF during the 1st quarter valued at approximately $35,000. Centricity Wealth Management LLC boosted its position in 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 acquiring an additional 687 shares in the last quarter. Transce3nd LLC purchased a new position in shares of iShares U.S. Infrastructure ETF during the 4th quarter worth approximately $42,000. Finally, Opal Wealth Advisors LLC bought a new position in shares of iShares U.S. Infrastructure ETF in the 1st quarter worth approximately $43,000.

iShares U.S. Infrastructure ETF Stock Up 5.1%

IFRA opened at $49.14 on Friday. iShares U.S. Infrastructure ETF has a 52 week low of $39.94 and a 52 week high of $51.99. The stock has a market cap of $2.54 billion, a PE ratio of 19.68 and a beta of 0.99. The business has a 50 day moving average of $47.30 and a 200-day moving average of $46.61.

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.