iShares U.S. Infrastructure ETF $IFRA Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. cut its position in iShares U.S. Infrastructure ETF (BATS:IFRA) by 2.9% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 312,269 shares of the company’s stock after selling 9,209 shares during the quarter. Envestnet Asset Management Inc. owned about 0.58% of iShares U.S. Infrastructure ETF worth $16,494,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Curi Capital LLC acquired a new stake in shares of iShares U.S. Infrastructure ETF during the 2nd quarter valued at about $17,612,000. Touchstone Capital Inc. bought a new position in iShares U.S. Infrastructure ETF during the third quarter valued at about $17,683,000. CW Advisors LLC boosted its stake in iShares U.S. Infrastructure ETF by 925.4% during the second quarter. CW Advisors LLC now owns 150,987 shares of the company’s stock worth $7,427,000 after buying an additional 136,263 shares in the last quarter. Principal Financial Group Inc. raised its position in iShares U.S. Infrastructure ETF by 63.1% in the third quarter. Principal Financial Group Inc. now owns 140,395 shares of the company’s stock worth $7,416,000 after purchasing an additional 54,320 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its position in shares of iShares U.S. Infrastructure ETF by 62.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 104,891 shares of the company’s stock worth $5,540,000 after buying an additional 40,410 shares during the period.

iShares U.S. Infrastructure ETF Stock Performance

Shares of IFRA opened at $60.43 on Monday. The company has a market cap of $3.25 billion, a price-to-earnings ratio of 19.30 and a beta of 0.98. iShares U.S. Infrastructure ETF has a 52-week low of $39.94 and a 52-week high of $60.87. The stock has a fifty day moving average price of $55.24 and a two-hundred day moving average price of $53.29.

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.