Pallas Capital Advisors LLC Sells 1,558 Shares of iShares U.S. Infrastructure ETF (BATS:IFRA)

Pallas Capital Advisors LLC reduced its stake in iShares U.S. Infrastructure ETF (BATS:IFRA) by 10.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,699 shares of the company’s stock after selling 1,558 shares during the period. Pallas Capital Advisors LLC’s holdings in iShares U.S. Infrastructure ETF were worth $572,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of IFRA. American National Bank & Trust bought a new position in iShares U.S. Infrastructure ETF in the first quarter worth about $35,000. Centricity Wealth Management LLC raised its stake in iShares U.S. Infrastructure ETF by 309.5% in the first quarter. Centricity Wealth Management LLC now owns 909 shares of the company’s stock worth $41,000 after buying an additional 687 shares in the last quarter. Transce3nd LLC bought a new position in iShares U.S. Infrastructure ETF in the fourth quarter worth about $42,000. Flagship Wealth Advisors LLC bought a new position in iShares U.S. Infrastructure ETF in the fourth quarter worth about $46,000. Finally, Vermillion & White Wealth Management Group LLC raised its stake in iShares U.S. Infrastructure ETF by 342.1% in the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 1,459 shares of the company’s stock worth $68,000 after buying an additional 1,129 shares in the last quarter.

iShares U.S. Infrastructure ETF Stock Performance

Shares of BATS IFRA opened at $48.62 on Thursday. iShares U.S. Infrastructure ETF has a fifty-two week low of $39.94 and a fifty-two week high of $51.99. The company has a 50 day simple moving average of $46.05 and a two-hundred day simple moving average of $46.79. The company has a market capitalization of $2.47 billion, a price-to-earnings ratio of 19.68 and a beta of 0.99.

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.