PNC Financial Services Group Inc. Sells 28,752 Shares of iShares U.S. Infrastructure ETF (BATS:IFRA)

PNC Financial Services Group Inc. lessened its position in iShares U.S. Infrastructure ETF (BATS:IFRA) by 6.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 441,250 shares of the company’s stock after selling 28,752 shares during the period. PNC Financial Services Group Inc. owned about 0.83% of iShares U.S. Infrastructure ETF worth $17,769,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Wharton Business Group LLC lifted its position in shares of iShares U.S. Infrastructure ETF by 196.1% during the 3rd quarter. Wharton Business Group LLC now owns 1,068,950 shares of the company’s stock valued at $39,113,000 after acquiring an additional 707,935 shares during the period. Envestnet Portfolio Solutions Inc. grew its stake in iShares U.S. Infrastructure ETF by 5.7% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 977,037 shares of the company’s stock worth $39,345,000 after buying an additional 52,965 shares in the last quarter. CWM LLC increased its holdings in iShares U.S. Infrastructure ETF by 2.9% in the 4th quarter. CWM LLC now owns 887,402 shares of the company’s stock valued at $35,736,000 after buying an additional 25,254 shares during the period. Mariner LLC raised its position in shares of iShares U.S. Infrastructure ETF by 8.2% in the 3rd quarter. Mariner LLC now owns 673,151 shares of the company’s stock valued at $24,630,000 after buying an additional 50,902 shares in the last quarter. Finally, Hsbc Holdings PLC bought a new stake in shares of iShares U.S. Infrastructure ETF during the 3rd quarter worth approximately $18,350,000.

iShares U.S. Infrastructure ETF Stock Performance

Shares of IFRA opened at $44.84 on Wednesday. The firm has a 50-day simple moving average of $42.81 and a two-hundred day simple moving average of $40.38. The company has a market cap of $2.46 billion, a price-to-earnings ratio of 16.71 and a beta of 0.89.

iShares U.S. Infrastructure ETF Profile

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.