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

Sovereign Financial Group Inc. lessened its holdings in iShares U.S. Infrastructure ETF (BATS:IFRA) by 3.2% in the 4th quarter, according to its most recent 13F filing with the Securities & 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 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of IFRA. Sound Income Strategies LLC boosted its holdings in iShares U.S. Infrastructure ETF by 410.0% in the fourth quarter. Sound Income Strategies LLC now owns 2,035 shares of the company’s stock valued at $82,000 after purchasing an additional 1,636 shares during the period. Bank Julius Baer & Co. Ltd Zurich increased its position in shares of iShares U.S. Infrastructure ETF by 3.1% in the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 10,983 shares of the company’s stock valued at $402,000 after purchasing an additional 333 shares during the last quarter. Sharkey Howes & Javer raised its holdings in shares of iShares U.S. Infrastructure ETF by 8.3% in the 4th quarter. Sharkey Howes & Javer now owns 59,678 shares of the company’s stock valued at $2,403,000 after purchasing an additional 4,568 shares in the last quarter. Arete Wealth Advisors LLC lifted its position in shares of iShares U.S. Infrastructure ETF by 45.3% during the 3rd quarter. Arete Wealth Advisors LLC now owns 10,701 shares of the company’s stock worth $392,000 after purchasing an additional 3,337 shares during the last quarter. Finally, Peoples Bank KS acquired a new position in shares of iShares U.S. Infrastructure ETF during the third quarter worth $85,000.

iShares U.S. Infrastructure ETF Price Performance

BATS:IFRA traded up $0.18 during trading hours on Tuesday, hitting $43.57. The company’s stock had a trading volume of 201,758 shares. The company has a market capitalization of $2.38 billion, a PE ratio of 15.97 and a beta of 0.89. The company has a 50-day simple moving average of $42.12 and a two-hundred day simple moving average of $39.68.

About iShares U.S. Infrastructure ETF

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.