AE Wealth Management LLC Sells 10,424 Shares of iShares U.S. Infrastructure ETF $IFRA

AE Wealth Management LLC lessened its position in shares of iShares U.S. Infrastructure ETF (BATS:IFRA) by 50.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,320 shares of the company’s stock after selling 10,424 shares during the period. AE Wealth Management LLC’s holdings in iShares U.S. Infrastructure ETF were worth $508,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of IFRA. Atlantic Union Bankshares Corp acquired a new position in shares of iShares U.S. Infrastructure ETF during the second quarter worth about $83,000. Moors & Cabot Inc. lifted its stake in iShares U.S. Infrastructure ETF by 3.9% in the 2nd quarter. Moors & Cabot Inc. now owns 8,870 shares of the company’s stock valued at $436,000 after acquiring an additional 329 shares in the last quarter. Summit Investment Advisory Services LLC bought a new stake in iShares U.S. Infrastructure ETF in the 2nd quarter valued at approximately $320,000. Simon Quick Advisors LLC acquired a new position in iShares U.S. Infrastructure ETF during the 2nd quarter worth approximately $1,602,000. Finally, Schmidt P J Investment Management Inc. grew its stake in shares of iShares U.S. Infrastructure ETF by 4.2% during the 2nd quarter. Schmidt P J Investment Management Inc. now owns 5,135 shares of the company’s stock worth $253,000 after acquiring an additional 207 shares in the last quarter.

iShares U.S. Infrastructure ETF Stock Up 11.3%

BATS IFRA opened at $52.04 on Friday. The firm’s 50 day moving average is $52.60 and its 200-day moving average is $50.55. The company has a market capitalization of $2.80 billion, a PE 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.

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.