iShares U.S. Digital Infrastructure and Real Estate ETF (NYSEARCA:IDGT) Stock Price Up 1.1% – Should You Buy?

iShares U.S. Digital Infrastructure and Real Estate ETF (NYSEARCA:IDGT) shares rose 1.1% during mid-day trading on Friday . The stock traded as high as $97.34 and last traded at $97.34. Approximately 8,706 shares were traded during trading, a decline of 22% from the average daily volume of 11,231 shares. The stock had previously closed at $96.28.

iShares U.S. Digital Infrastructure and Real Estate ETF Stock Up 1.1%

The firm has a market cap of $155.74 million, a P/E ratio of 32.93 and a beta of 1.08. The firm’s fifty day moving average is $89.18 and its two-hundred day moving average is $87.33.

Institutional Trading of iShares U.S. Digital Infrastructure and Real Estate ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Sunbelt Securities Inc. raised its position in shares of iShares U.S. Digital Infrastructure and Real Estate ETF by 7,428.0% in the 3rd quarter. Sunbelt Securities Inc. now owns 1,882 shares of the company’s stock worth $163,000 after acquiring an additional 1,857 shares in the last quarter. Howard Capital Management Group LLC bought a new position in iShares U.S. Digital Infrastructure and Real Estate ETF in the third quarter worth $208,000. Captrust Financial Advisors bought a new position in iShares U.S. Digital Infrastructure and Real Estate ETF in the second quarter worth $223,000. Finally, Jones Financial Companies Lllp lifted its position in iShares U.S. Digital Infrastructure and Real Estate ETF by 39.5% during the third quarter. Jones Financial Companies Lllp now owns 5,491 shares of the company’s stock valued at $474,000 after buying an additional 1,555 shares during the period.

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

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. IDGT was launched on Jul 10, 2001 and is issued by BlackRock.