Patton Albertson Miller Group LLC Trims Stock Holdings in iShares U.S. Infrastructure ETF (BATS:IFRA)

Patton Albertson Miller Group LLC decreased its holdings in shares of iShares U.S. Infrastructure ETF (BATS:IFRA) by 22.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 71,368 shares of the company’s stock after selling 20,649 shares during the quarter. Patton Albertson Miller Group LLC owned about 0.13% of iShares U.S. Infrastructure ETF worth $3,304,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. JPMorgan Chase & Co. lifted its stake in iShares U.S. Infrastructure ETF by 2.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,521,971 shares of the company’s stock worth $71,487,000 after purchasing an additional 36,234 shares in the last quarter. Benjamin Edwards Inc. purchased a new stake in shares of iShares U.S. Infrastructure ETF in the third quarter worth $400,000. Watershed Private Wealth LLC boosted its stake in iShares U.S. Infrastructure ETF by 1.8% during the third quarter. Watershed Private Wealth LLC now owns 45,434 shares of the company’s stock valued at $2,134,000 after buying an additional 791 shares during the period. Proquility Private Wealth Partners LLC purchased a new position in iShares U.S. Infrastructure ETF during the third quarter worth about $876,000. Finally, Principal Financial Group Inc. increased its stake in iShares U.S. Infrastructure ETF by 31.2% in the 3rd quarter. Principal Financial Group Inc. now owns 120,375 shares of the company’s stock worth $5,654,000 after acquiring an additional 28,600 shares during the last quarter.

iShares U.S. Infrastructure ETF Price Performance

Shares of IFRA opened at $48.43 on Friday. The stock has a market capitalization of $2.66 billion, a P/E ratio of 16.71 and a beta of 0.89. The company has a fifty day moving average of $48.37 and a 200 day moving average of $46.82.

About iShares U.S. Infrastructure ETF

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.