iShares U.S. Digital Infrastructure and Real Estate ETF (NYSEARCA:IDGT) Trading Up 1.9% – Time to Buy?

iShares U.S. Digital Infrastructure and Real Estate ETF (NYSEARCA:IDGT)’s stock price rose 1.9% on Monday . The company traded as high as $98.56 and last traded at $98.13. Approximately 14,671 shares changed hands during mid-day trading, an increase of 35% from the average daily volume of 10,834 shares. The stock had previously closed at $96.34.

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

The company has a market cap of $157.01 million, a P/E ratio of 32.93 and a beta of 1.08. The firm has a 50 day moving average price of $93.22 and a 200-day moving average price of $89.10.

Institutional Investors Weigh In On iShares U.S. Digital Infrastructure and Real Estate ETF

A number of large investors have recently added to or reduced their stakes in the stock. Sunbelt Securities Inc. grew its holdings in iShares U.S. Digital Infrastructure and Real Estate ETF by 7,428.0% during the third quarter. Sunbelt Securities Inc. now owns 1,882 shares of the company’s stock valued at $163,000 after purchasing an additional 1,857 shares during the last quarter. Howard Capital Management Group LLC acquired a new stake in shares of iShares U.S. Digital Infrastructure and Real Estate ETF in the third quarter worth $208,000. Captrust Financial Advisors bought a new stake in shares of iShares U.S. Digital Infrastructure and Real Estate ETF during the 2nd quarter worth $223,000. Finally, Jones Financial Companies Lllp boosted its holdings in shares of iShares U.S. Digital Infrastructure and Real Estate ETF by 39.5% during the 3rd quarter. Jones Financial Companies Lllp now owns 5,491 shares of the company’s stock worth $474,000 after buying an additional 1,555 shares during the period.

iShares U.S. Digital Infrastructure and Real Estate ETF Company 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. IDGT was launched on Jul 10, 2001 and is issued by BlackRock.