Envestnet Asset Management Inc. Sells 9,209 Shares of iShares U.S. Infrastructure ETF $IFRA

Envestnet Asset Management Inc. lowered its stake in iShares U.S. Infrastructure ETF (BATS:IFRA) by 2.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 312,269 shares of the company’s stock after selling 9,209 shares during the period. Envestnet Asset Management Inc.’s holdings in iShares U.S. Infrastructure ETF were worth $16,494,000 as of its most recent filing with the SEC.

A number of other hedge funds have also added to or reduced their stakes in IFRA. Curi Capital LLC acquired a new position in shares of iShares U.S. Infrastructure ETF during the second quarter worth $17,612,000. Touchstone Capital Inc. bought a new position in shares of iShares U.S. Infrastructure ETF in the third quarter valued at approximately $17,683,000. CW Advisors LLC lifted its stake in shares of iShares U.S. Infrastructure ETF by 925.4% during the 2nd quarter. CW Advisors LLC now owns 150,987 shares of the company’s stock valued at $7,427,000 after buying an additional 136,263 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of iShares U.S. Infrastructure ETF by 63.1% in the third quarter. Principal Financial Group Inc. now owns 140,395 shares of the company’s stock worth $7,416,000 after acquiring an additional 54,320 shares during the period. Finally, Thrivent Financial for Lutherans increased its holdings in iShares U.S. Infrastructure ETF by 62.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 104,891 shares of the company’s stock worth $5,540,000 after acquiring an additional 40,410 shares during the period.

iShares U.S. Infrastructure ETF Price Performance

IFRA opened at $60.43 on Monday. The company has a fifty day moving average price of $55.24 and a 200-day moving average price of $53.29. The firm has a market capitalization of $3.25 billion, a P/E ratio of 19.30 and a beta of 0.98. iShares U.S. Infrastructure ETF has a one year low of $39.94 and a one year high of $60.87.

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.