iShares U.S. Digital Infrastructure and Real Estate ETF (NYSEARCA:IDGT) Shares Down 0.5% – Time to Sell?

iShares U.S. Digital Infrastructure and Real Estate ETF (NYSEARCA:IDGT)’s share price dropped 0.5% during trading on Friday . The stock traded as low as $78.10 and last traded at $78.66. Approximately 9,018 shares traded hands during trading, a decline of 20% from the average daily volume of 11,213 shares. The stock had previously closed at $79.08.

iShares U.S. Digital Infrastructure and Real Estate ETF Stock Down 0.5%

The stock has a market capitalization of $110.12 million, a price-to-earnings ratio of 30.79 and a beta of 1.07. The company’s 50-day simple moving average is $74.41 and its 200 day simple moving average is $78.55.

Hedge Funds Weigh In On iShares U.S. Digital Infrastructure and Real Estate ETF

Several hedge funds have recently bought and sold shares of the business. Janney Montgomery Scott LLC increased its position in iShares U.S. Digital Infrastructure and Real Estate ETF by 12.3% during the first quarter. Janney Montgomery Scott LLC now owns 5,381 shares of the company’s stock worth $397,000 after buying an additional 590 shares during the last quarter. Redmont Wealth Advisors LLC acquired a new position in iShares U.S. Digital Infrastructure and Real Estate ETF during the first quarter worth $60,000. Jones Financial Companies Lllp increased its position in iShares U.S. Digital Infrastructure and Real Estate ETF by 72.3% during the fourth quarter. Jones Financial Companies Lllp now owns 3,271 shares of the company’s stock worth $263,000 after buying an additional 1,373 shares during the last quarter. Finally, Sunbelt Securities Inc. increased its position in iShares U.S. Digital Infrastructure and Real Estate ETF by 8,168.0% during the first quarter. Sunbelt Securities Inc. now owns 2,067 shares of the company’s stock worth $153,000 after buying an additional 2,042 shares during the last quarter.

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.