Balboa Wealth Partners Lowers Position in iShares U.S. Infrastructure ETF (BATS:IFRA)

Balboa Wealth Partners cut its stake in iShares U.S. Infrastructure ETF (BATS:IFRA) by 46.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,139 shares of the company’s stock after selling 5,429 shares during the quarter. Balboa Wealth Partners’ holdings in iShares U.S. Infrastructure ETF were worth $288,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Cetera Investment Advisers grew its holdings in shares of iShares U.S. Infrastructure ETF by 155.2% in the first quarter. Cetera Investment Advisers now owns 501,707 shares of the company’s stock valued at $21,754,000 after acquiring an additional 305,141 shares in the last quarter. Sanctuary Advisors LLC bought a new position in shares of iShares U.S. Infrastructure ETF in the second quarter valued at approximately $12,791,000. Kestra Investment Management LLC bought a new position in shares of iShares U.S. Infrastructure ETF in the second quarter valued at approximately $11,516,000. Envestnet Asset Management Inc. grew its holdings in shares of iShares U.S. Infrastructure ETF by 3.1% in the second quarter. Envestnet Asset Management Inc. now owns 6,913,506 shares of the company’s stock valued at $291,197,000 after acquiring an additional 209,698 shares in the last quarter. Finally, Liberty Wealth Management LLC grew its holdings in iShares U.S. Infrastructure ETF by 107.2% during the second quarter. Liberty Wealth Management LLC now owns 136,856 shares of the company’s stock valued at $5,764,000 after purchasing an additional 70,816 shares during the period.

iShares U.S. Infrastructure ETF Stock Up 0.3 %

BATS:IFRA opened at $49.29 on Friday. The stock has a market capitalization of $2.71 billion, a P/E ratio of 16.71 and a beta of 0.89. The stock has a 50-day moving average price of $47.23 and a two-hundred day moving average price of $44.95.

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.