iShares U.S. Digital Infrastructure and Real Estate ETF (NYSEARCA:IDGT) Stock Price Up 1.1% – Should You Buy?

iShares U.S. Digital Infrastructure and Real Estate ETF (NYSEARCA:IDGTGet Free Report) shares were up 1.1% on Friday . The company traded as high as $97.34 and last traded at $97.34. Approximately 8,706 shares changed hands during trading, a decline of 22% from the average daily volume of 11,231 shares. The stock had previously closed at $96.28.

iShares U.S. Digital Infrastructure and Real Estate ETF Trading Up 1.1%

The stock has a market capitalization of $155.74 million, a PE ratio of 32.93 and a beta of 1.08. The stock has a 50 day moving average price of $89.18 and a 200-day moving average price of $87.33.

Hedge Funds Weigh In On iShares U.S. Digital Infrastructure and Real Estate ETF

Institutional investors have recently made changes to their positions in the business. Jones Financial Companies Lllp boosted its holdings in shares of iShares U.S. Digital Infrastructure and Real Estate ETF by 39.5% in the third quarter. Jones Financial Companies Lllp now owns 5,491 shares of the company’s stock worth $474,000 after buying an additional 1,555 shares during the last quarter. Sunbelt Securities Inc. raised its position in iShares U.S. Digital Infrastructure and Real Estate ETF by 7,428.0% in the third quarter. Sunbelt Securities Inc. now owns 1,882 shares of the company’s stock worth $163,000 after acquiring an additional 1,857 shares during the period. Howard Capital Management Group LLC purchased a new position in shares of iShares U.S. Digital Infrastructure and Real Estate ETF during the 3rd quarter worth $208,000. Finally, Captrust Financial Advisors purchased a new position in shares of iShares U.S. Digital Infrastructure and Real Estate ETF during the 2nd quarter worth $223,000.

About iShares U.S. Digital Infrastructure and Real Estate ETF

(Get Free Report)

The iShares U.S. Digital Infrastructure and Real Estate ETF (IDGT) is an exchange-traded fund that mostly invests in information technology equity. The fund tracks an index of 50 US stocks involved in data centers, telecommunication towers, and related equipment. The fund uses a tiered approach in selection and weighting. IDGT was launched on Jul 10, 2001 and is issued by BlackRock.

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