Wealth Management Resources Inc. Trims Stake in iShares U.S. Infrastructure ETF (BATS:IFRA)

Wealth Management Resources Inc. lessened its position in shares of iShares U.S. Infrastructure ETF (BATS:IFRA) by 88.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 20,200 shares of the company’s stock after selling 151,567 shares during the quarter. iShares U.S. Infrastructure ETF comprises 0.3% of Wealth Management Resources Inc.’s investment portfolio, making the stock its 26th biggest holding. Wealth Management Resources Inc.’s holdings in iShares U.S. Infrastructure ETF were worth $935,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in IFRA. Wilmington Savings Fund Society FSB acquired a new stake in shares of iShares U.S. Infrastructure ETF during the third quarter worth about $27,000. Continuum Advisory LLC lifted its position in iShares U.S. Infrastructure ETF by 41.8% during the 3rd quarter. Continuum Advisory LLC now owns 1,221 shares of the company’s stock worth $60,000 after acquiring an additional 360 shares during the period. Gilliland Jeter Wealth Management LLC lifted its position in iShares U.S. Infrastructure ETF by 38.1% during the 3rd quarter. Gilliland Jeter Wealth Management LLC now owns 1,483 shares of the company’s stock worth $70,000 after acquiring an additional 409 shares during the period. Financial Advocates Investment Management purchased a new position in shares of iShares U.S. Infrastructure ETF in the 3rd quarter valued at approximately $102,000. Finally, Cedar Wealth Management LLC increased its holdings in shares of iShares U.S. Infrastructure ETF by 8.3% in the third quarter. Cedar Wealth Management LLC now owns 2,600 shares of the company’s stock valued at $122,000 after purchasing an additional 200 shares during the period.

iShares U.S. Infrastructure ETF Trading Up 3.5 %

Shares of BATS IFRA opened at $48.43 on Friday. The business’s fifty day moving average is $48.37 and its two-hundred day moving average is $46.79. The firm has a market capitalization of $2.66 billion, a P/E ratio of 16.71 and a beta of 0.89.

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.