iShares U.S. Power Infrastructure ETF (NYSEARCA:POWR) Trading Down 1% – What’s Next?

iShares U.S. Power Infrastructure ETF (NYSEARCA:POWRGet Free Report) shares fell 1% on Wednesday . The stock traded as low as $26.47 and last traded at $26.52. 223,282 shares traded hands during trading, an increase of 31% from the average daily volume of 170,754 shares. The stock had previously closed at $26.79.

iShares U.S. Power Infrastructure ETF Stock Performance

The company has a 50-day moving average of $27.08 and a 200-day moving average of $26.20. The stock has a market cap of $456.14 million, a price-to-earnings ratio of 189.43 and a beta of 0.47.

Institutional Investors Weigh In On iShares U.S. Power Infrastructure ETF

An institutional investor recently bought a new position in iShares U.S. Power Infrastructure ETF stock. Clal Insurance Enterprises Holdings Ltd acquired a new stake in iShares U.S. Power Infrastructure ETF (NYSEARCA:POWRFree Report) during the first quarter, according to its most recent filing with the SEC. The firm acquired 15,000 shares of the company’s stock, valued at approximately $393,000. Clal Insurance Enterprises Holdings Ltd owned about 0.14% of iShares U.S. Power Infrastructure ETF at the end of the most recent reporting period. Institutional investors and hedge funds own 60.64% of the company’s stock.

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