iShares U.S. Infrastructure ETF $IFRA Stock Position Decreased by Truist Financial Corp

Truist Financial Corp trimmed its stake in iShares U.S. Infrastructure ETF (BATS:IFRA) by 36.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 19,452 shares of the company’s stock after selling 11,377 shares during the quarter. Truist Financial Corp’s holdings in iShares U.S. Infrastructure ETF were worth $1,027,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Root Financial Partners LLC acquired a new position in shares of iShares U.S. Infrastructure ETF in the 3rd quarter valued at $32,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of iShares U.S. Infrastructure ETF during the second quarter valued at approximately $34,000. Mather Group LLC. purchased a new position in iShares U.S. Infrastructure ETF during the 3rd quarter worth approximately $34,000. Financial Gravity Companies Inc. purchased a new position in iShares U.S. Infrastructure ETF during the 2nd quarter worth approximately $35,000. Finally, Russell Investments Group Ltd. raised its stake in iShares U.S. Infrastructure ETF by 493.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 896 shares of the company’s stock valued at $44,000 after purchasing an additional 745 shares during the period.

iShares U.S. Infrastructure ETF Stock Up 0.4%

IFRA opened at $58.85 on Tuesday. The firm has a market capitalization of $3.17 billion, a P/E ratio of 19.30 and a beta of 0.98. The stock has a fifty day moving average of $54.69 and a 200-day moving average of $53.05. iShares U.S. Infrastructure ETF has a 12-month low of $39.94 and a 12-month high of $59.03.

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.