Silverlake Wealth Management LLC Has $1.91 Million Stock Holdings in iShares U.S. Infrastructure ETF (BATS:IFRA)

Silverlake Wealth Management LLC trimmed its stake in shares of iShares U.S. Infrastructure ETF (BATS:IFRA) by 3.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,219 shares of the company’s stock after selling 1,345 shares during the quarter. Silverlake Wealth Management LLC owned approximately 0.08% of iShares U.S. Infrastructure ETF worth $1,908,000 at the end of the most recent reporting period.

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

iShares U.S. Infrastructure ETF Stock Performance

Shares of BATS IFRA opened at $47.27 on Wednesday. The company has a 50-day simple moving average of $47.91 and a 200 day simple moving average of $47.01. The firm has a market cap of $2.60 billion, a PE ratio of 16.71 and a beta of 0.89.

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.