Patton Albertson Miller Group LLC Cuts Holdings in iShares U.S. Infrastructure ETF $IFRA

Patton Albertson Miller Group LLC decreased its position in shares of iShares U.S. Infrastructure ETF (BATS:IFRA) by 8.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 61,741 shares of the company’s stock after selling 5,921 shares during the period. Patton Albertson Miller Group LLC owned approximately 0.11% of iShares U.S. Infrastructure ETF worth $3,037,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Clifford Group LLC grew its position in shares of iShares U.S. Infrastructure ETF by 4.9% during the first quarter. Clifford Group LLC now owns 10,472 shares of the company’s stock valued at $472,000 after purchasing an additional 490 shares in the last quarter. Citizens Financial Group Inc. RI purchased a new position in iShares U.S. Infrastructure ETF in the first quarter worth about $285,000. Kingsview Wealth Management LLC purchased a new position in iShares U.S. Infrastructure ETF in the first quarter worth about $200,000. Wealth Enhancement Advisory Services LLC grew its position in iShares U.S. Infrastructure ETF by 4.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 41,511 shares of the company’s stock worth $1,871,000 after acquiring an additional 1,909 shares in the last quarter. Finally, Grove Bank & Trust purchased a new position in iShares U.S. Infrastructure ETF in the first quarter worth about $90,000.

iShares U.S. Infrastructure ETF Trading Up 12.1%

IFRA opened at $52.41 on Friday. The firm has a market cap of $2.82 billion, a P/E ratio of 19.30 and a beta of 0.98. iShares U.S. Infrastructure ETF has a 12 month low of $39.94 and a 12 month high of $51.99. The stock has a 50-day moving average of $51.53 and a 200 day moving average of $48.44.

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.