Sovereign Financial Group Inc. Lowers Holdings in iShares U.S. Infrastructure ETF (BATS:IFRA)

Sovereign Financial Group Inc. lowered its position in shares of iShares U.S. Infrastructure ETF (BATS:IFRA) by 3.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,680 shares of the company’s stock after selling 322 shares during the period. Sovereign Financial Group Inc.’s holdings in iShares U.S. Infrastructure ETF were worth $390,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Apollon Wealth Management LLC increased its holdings in shares of iShares U.S. Infrastructure ETF by 7.3% in the 4th quarter. Apollon Wealth Management LLC now owns 36,419 shares of the company’s stock valued at $1,467,000 after acquiring an additional 2,491 shares during the period. Lincoln National Corp grew its stake in iShares U.S. Infrastructure ETF by 44.2% in the fourth quarter. Lincoln National Corp now owns 13,460 shares of the company’s stock valued at $542,000 after purchasing an additional 4,128 shares during the last quarter. Private Advisor Group LLC grew its stake in iShares U.S. Infrastructure ETF by 10.9% in the fourth quarter. Private Advisor Group LLC now owns 39,543 shares of the company’s stock valued at $1,592,000 after purchasing an additional 3,898 shares during the last quarter. Spire Wealth Management raised its holdings in iShares U.S. Infrastructure ETF by 5.8% in the fourth quarter. Spire Wealth Management now owns 19,155 shares of the company’s stock worth $733,000 after purchasing an additional 1,056 shares in the last quarter. Finally, Avidian Wealth Solutions LLC lifted its position in shares of iShares U.S. Infrastructure ETF by 8.0% during the fourth quarter. Avidian Wealth Solutions LLC now owns 14,189 shares of the company’s stock valued at $571,000 after buying an additional 1,056 shares during the last quarter.

iShares U.S. Infrastructure ETF Stock Performance

Shares of BATS IFRA traded up $0.18 during trading hours on Tuesday, hitting $43.57. 201,758 shares of the stock were exchanged. The firm’s 50 day simple moving average is $42.12 and its two-hundred day simple moving average is $39.68. The firm has a market capitalization of $2.38 billion, a P/E ratio of 15.97 and a beta of 0.89.

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.