Lionsbridge Wealth Management LLC Makes New $1.60 Million Investment in iShares U.S. Power Infrastructure ETF $POWR

Lionsbridge Wealth Management LLC acquired a new stake in iShares U.S. Power Infrastructure ETF (NYSEARCA:POWR) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 57,096 shares of the company’s stock, valued at approximately $1,596,000. iShares U.S. Power Infrastructure ETF accounts for approximately 1.4% of Lionsbridge Wealth Management LLC’s holdings, making the stock its 25th largest holding. Lionsbridge Wealth Management LLC owned about 0.33% of iShares U.S. Power Infrastructure ETF at the end of the most recent quarter.

Separately, Clal Insurance Enterprises Holdings Ltd bought a new position in shares of iShares U.S. Power Infrastructure ETF during the 1st quarter worth approximately $393,000. 60.64% of the stock is currently owned by hedge funds and other institutional investors.

iShares U.S. Power Infrastructure ETF Trading Up 0.2%

POWR stock opened at $25.28 on Wednesday. iShares U.S. Power Infrastructure ETF has a 1-year low of $23.18 and a 1-year high of $28.44. The business’s 50 day simple moving average is $26.65 and its 200 day simple moving average is $26.58. The firm has a market capitalization of $434.82 million, a PE ratio of 180.57 and a beta of 0.46.