Forty three Eighteen Advisors LLC Purchases New Shares in First Trust Alerian U.S. NextGen Infrastructure ETF $RBLD

Forty three Eighteen Advisors LLC purchased a new position in shares of First Trust Alerian U.S. NextGen Infrastructure ETF (NYSEARCA:RBLD) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 21,656 shares of the company’s stock, valued at approximately $1,617,000. First Trust Alerian U.S. NextGen Infrastructure ETF makes up approximately 1.3% of Forty three Eighteen Advisors LLC’s holdings, making the stock its 26th largest position. Forty three Eighteen Advisors LLC owned 8.66% of First Trust Alerian U.S. NextGen Infrastructure ETF at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Royal Bank of Canada raised its stake in shares of First Trust Alerian U.S. NextGen Infrastructure ETF by 553.7% in the fourth quarter. Royal Bank of Canada now owns 16,095 shares of the company’s stock worth $1,202,000 after acquiring an additional 13,633 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of First Trust Alerian U.S. NextGen Infrastructure ETF during the first quarter valued at approximately $784,000. Raymond James Financial Inc. bought a new stake in shares of First Trust Alerian U.S. NextGen Infrastructure ETF during the second quarter valued at approximately $212,000. Optivise Advisory Services LLC acquired a new stake in shares of First Trust Alerian U.S. NextGen Infrastructure ETF in the fourth quarter valued at approximately $207,000. Finally, Sanctuary Advisors LLC raised its position in First Trust Alerian U.S. NextGen Infrastructure ETF by 32.4% in the 4th quarter. Sanctuary Advisors LLC now owns 5,650 shares of the company’s stock worth $422,000 after purchasing an additional 1,383 shares during the last quarter.

First Trust Alerian U.S. NextGen Infrastructure ETF Stock Performance

Shares of RBLD opened at $89.88 on Friday. The firm has a market capitalization of $22.47 million, a price-to-earnings ratio of 22.48 and a beta of 0.85. The business’s fifty day moving average price is $87.81 and its two-hundred day moving average price is $82.52. First Trust Alerian U.S. NextGen Infrastructure ETF has a 52 week low of $69.39 and a 52 week high of $90.73.

First Trust Alerian U.S. NextGen Infrastructure ETF Profile

The fund will normally invest at least 90% of its net assets in the common stocks and real estate investment trusts (“ REITs ”) that comprise the index. The index seeks to provide exposure to U.S. infrastructure companies with securities listed on recognized U.S. securities exchanges that build, operate and own infrastructure assets.