Wealth Management Resources Inc. Reduces Stock Position in iShares U.S. Infrastructure ETF (BATS:IFRA)

Wealth Management Resources Inc. lowered its stake in shares of iShares U.S. Infrastructure ETF (BATS:IFRA) by 3.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 181,604 shares of the company’s stock after selling 5,724 shares during the period. iShares U.S. Infrastructure ETF accounts for approximately 3.4% of Wealth Management Resources Inc.’s portfolio, making the stock its 13th largest holding. Wealth Management Resources Inc. owned 0.34% of iShares U.S. Infrastructure ETF worth $7,874,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Sound Income Strategies LLC raised its position in shares of iShares U.S. Infrastructure ETF by 410.0% in the fourth quarter. Sound Income Strategies LLC now owns 2,035 shares of the company’s stock worth $82,000 after buying an additional 1,636 shares in the last quarter. Sharkey Howes & Javer raised its position in shares of iShares U.S. Infrastructure ETF by 8.3% in the fourth quarter. Sharkey Howes & Javer now owns 59,678 shares of the company’s stock worth $2,403,000 after buying an additional 4,568 shares in the last quarter. Brookstone Capital Management raised its position in shares of iShares U.S. Infrastructure ETF by 10.1% in the fourth quarter. Brookstone Capital Management now owns 30,481 shares of the company’s stock worth $1,227,000 after buying an additional 2,804 shares in the last quarter. CWM LLC raised its position in iShares U.S. Infrastructure ETF by 2.9% during the fourth quarter. CWM LLC now owns 887,402 shares of the company’s stock valued at $35,736,000 after purchasing an additional 25,254 shares in the last quarter. Finally, Lincoln National Corp raised its position in iShares U.S. Infrastructure ETF by 44.2% during the fourth quarter. Lincoln National Corp now owns 13,460 shares of the company’s stock valued at $542,000 after purchasing an additional 4,128 shares in the last quarter.

iShares U.S. Infrastructure ETF Stock Performance

BATS IFRA traded up $0.26 during trading hours on Thursday, reaching $41.98. 115,480 shares of the stock traded hands. The firm has a 50-day moving average price of $43.13 and a 200 day moving average price of $41.49. The firm has a market cap of $2.31 billion, a P/E ratio of 16.71 and a beta of 0.89.

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.