Parallel Advisors LLC Makes New $470,000 Investment in iShares U.S. Digital Infrastructure and Real Estate ETF $IDGT

Parallel Advisors LLC acquired a new position in shares of iShares U.S. Digital Infrastructure and Real Estate ETF (NYSEARCA:IDGT) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 5,666 shares of the company’s stock, valued at approximately $470,000. Parallel Advisors LLC owned about 0.40% of iShares U.S. Digital Infrastructure and Real Estate ETF at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Redmont Wealth Advisors LLC purchased a new position in iShares U.S. Digital Infrastructure and Real Estate ETF during the 1st quarter worth $60,000. Sunbelt Securities Inc. boosted its holdings in iShares U.S. Digital Infrastructure and Real Estate ETF by 8,168.0% during the 1st quarter. Sunbelt Securities Inc. now owns 2,067 shares of the company’s stock worth $153,000 after acquiring an additional 2,042 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in iShares U.S. Digital Infrastructure and Real Estate ETF by 12.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 5,381 shares of the company’s stock worth $397,000 after acquiring an additional 590 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its holdings in iShares U.S. Digital Infrastructure and Real Estate ETF by 4,489.7% during the 1st quarter. Jones Financial Companies Lllp now owns 150,128 shares of the company’s stock worth $11,079,000 after acquiring an additional 146,857 shares during the last quarter.

iShares U.S. Digital Infrastructure and Real Estate ETF Price Performance

IDGT opened at $87.79 on Friday. The company has a market capitalization of $122.91 million, a price-to-earnings ratio of 32.93 and a beta of 1.07. The firm’s fifty day moving average price is $84.12 and its two-hundred day moving average price is $79.45. iShares U.S. Digital Infrastructure and Real Estate ETF has a 1 year low of $64.61 and a 1 year high of $88.44.

iShares U.S. Digital Infrastructure and Real Estate ETF 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.