Sheets Smith Wealth Management Sells 4,488 Shares of iShares U.S. Infrastructure ETF (BATS:IFRA)

Sheets Smith Wealth Management cut its holdings in iShares U.S. Infrastructure ETF (BATS:IFRA) by 34.9% during the 1st quarter, Holdings Channel reports. The fund owned 8,377 shares of the company’s stock after selling 4,488 shares during the period. Sheets Smith Wealth Management’s holdings in iShares U.S. Infrastructure ETF were worth $378,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Principal Financial Group Inc. raised its position in shares of iShares U.S. Infrastructure ETF by 17.4% during the 4th quarter. Principal Financial Group Inc. now owns 141,375 shares of the company’s stock valued at $6,544,000 after purchasing an additional 21,000 shares during the period. Private Advisor Group LLC raised its holdings in iShares U.S. Infrastructure ETF by 3.1% during the fourth quarter. Private Advisor Group LLC now owns 49,937 shares of the company’s stock valued at $2,312,000 after acquiring an additional 1,483 shares during the period. IFP Advisors Inc raised its holdings in iShares U.S. Infrastructure ETF by 18.1% during the fourth quarter. IFP Advisors Inc now owns 31,767 shares of the company’s stock valued at $1,470,000 after acquiring an additional 4,877 shares during the period. Twin Peaks Wealth Advisors LLC lifted its position in shares of iShares U.S. Infrastructure ETF by 11.7% in the fourth quarter. Twin Peaks Wealth Advisors LLC now owns 11,569 shares of the company’s stock valued at $536,000 after acquiring an additional 1,215 shares in the last quarter. Finally, Nwam LLC bought a new position in shares of iShares U.S. Infrastructure ETF in the fourth quarter worth about $209,000.

iShares U.S. Infrastructure ETF Trading Up 4.4%

BATS:IFRA opened at $48.85 on Wednesday. The stock has a 50-day moving average price of $47.02 and a 200 day moving average price of $46.60. The stock has a market capitalization of $2.53 billion, a P/E ratio of 19.68 and a beta of 0.99. iShares U.S. Infrastructure ETF has a 12-month low of $39.94 and a 12-month high of $51.99.

iShares U.S. Infrastructure ETF 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.