iShares U.S. Digital Infrastructure and Real Estate ETF (NYSEARCA:IDGT) Trading Down 1.6% – Here’s Why

iShares U.S. Digital Infrastructure and Real Estate ETF (NYSEARCA:IDGT) fell 1.6% during trading on Wednesday . The company traded as low as $121.22 and last traded at $121.71. 27,741 shares traded hands during mid-day trading, a decline of 22% from the average daily volume of 35,362 shares. The stock had previously closed at $123.63.

iShares U.S. Digital Infrastructure and Real Estate ETF Trading Down 1.6%

The firm has a 50-day simple moving average of $121.39 and a two-hundred day simple moving average of $102.63. The company has a market capitalization of $279.93 million, a price-to-earnings ratio of 32.93 and a beta of 1.14.

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

A number of hedge funds have recently added to or reduced their stakes in IDGT. Janney Montgomery Scott LLC raised its position in iShares U.S. Digital Infrastructure and Real Estate ETF by 3.9% during the first quarter. Janney Montgomery Scott LLC now owns 4,667 shares of the company’s stock valued at $456,000 after acquiring an additional 177 shares in the last quarter. Sunbelt Securities Inc. lifted its stake 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 valued at $163,000 after acquiring an additional 1,857 shares during the last quarter. Finally, Captrust Financial Advisors bought a new stake in iShares U.S. Digital Infrastructure and Real Estate ETF in the second quarter worth approximately $223,000.

iShares U.S. Digital Infrastructure and Real Estate ETF Company Profile

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.