Envestnet Asset Management Inc. Sells 7,104,502 Shares of iShares U.S. Infrastructure ETF (BATS:IFRA)

Envestnet Asset Management Inc. trimmed its holdings in shares of iShares U.S. Infrastructure ETF (BATS:IFRA) by 95.6% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 325,545 shares of the company’s stock after selling 7,104,502 shares during the period. Envestnet Asset Management Inc. owned approximately 0.65% of iShares U.S. Infrastructure ETF worth $14,672,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of IFRA. Clune & Associates LTD. raised its position in iShares U.S. Infrastructure ETF by 6.3% in the 1st quarter. Clune & Associates LTD. now owns 12,620 shares of the company’s stock valued at $569,000 after buying an additional 746 shares during the last quarter. Yukon Wealth Management Inc. bought a new stake in iShares U.S. Infrastructure ETF in the 1st quarter worth approximately $257,000. Laurel Wealth Planning LLC lifted its position in iShares U.S. Infrastructure ETF by 1.5% in the 1st quarter. Laurel Wealth Planning LLC now owns 198,104 shares of the company’s stock worth $8,929,000 after buying an additional 2,931 shares during the last quarter. KPP Advisory Services LLC lifted its position in iShares U.S. Infrastructure ETF by 3.7% in the first quarter. KPP Advisory Services LLC now owns 17,591 shares of the company’s stock valued at $793,000 after purchasing an additional 626 shares during the last quarter. Finally, Golden State Wealth Management LLC raised its holdings in shares of iShares U.S. Infrastructure ETF by 89.9% during the first quarter. Golden State Wealth Management LLC now owns 4,305 shares of the company’s stock valued at $195,000 after acquiring an additional 2,038 shares in the last quarter.

iShares U.S. Infrastructure ETF Price Performance

Shares of IFRA opened at $50.58 on Friday. The firm has a market capitalization of $2.72 billion, a PE ratio of 19.30 and a beta of 0.98. The company has a 50-day simple moving average of $48.74 and a two-hundred day simple moving average of $46.87. iShares U.S. Infrastructure ETF has a one year low of $39.94 and a one year high of $51.99.

iShares U.S. Infrastructure ETF 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.