iShares U.S. Infrastructure ETF (BATS:IFRA) Shares Sold by Magnus Financial Group LLC

Magnus Financial Group LLC lowered its stake in shares of iShares U.S. Infrastructure ETF (BATS:IFRA) by 13.5% in the first quarter, Holdings Channel reports. The institutional investor owned 5,494 shares of the company’s stock after selling 857 shares during the quarter. Magnus Financial Group LLC’s holdings in iShares U.S. Infrastructure ETF were worth $248,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in IFRA. American National Bank & Trust acquired a new stake in iShares U.S. Infrastructure ETF in the first quarter valued at $35,000. Transce3nd LLC bought a new stake in shares of iShares U.S. Infrastructure ETF in the 4th quarter worth about $42,000. Flagship Wealth Advisors LLC acquired a new stake in shares of iShares U.S. Infrastructure ETF in the 4th quarter valued at about $46,000. Vermillion & White Wealth Management Group LLC lifted its position in shares of iShares U.S. Infrastructure ETF by 342.1% during the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 1,459 shares of the company’s stock worth $68,000 after purchasing an additional 1,129 shares during the last quarter. Finally, Golden State Wealth Management LLC bought a new position in shares of iShares U.S. Infrastructure ETF during the fourth quarter worth about $105,000.

iShares U.S. Infrastructure ETF Stock Up 3.9%

Shares of iShares U.S. Infrastructure ETF stock opened at $48.61 on Friday. The business has a 50-day moving average price of $45.76 and a 200 day moving average price of $46.85. iShares U.S. Infrastructure ETF has a fifty-two week low of $39.94 and a fifty-two week high of $51.99. The firm has a market cap of $2.46 billion, a P/E ratio of 19.68 and a beta of 0.99.

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.