Watershed Private Wealth LLC Decreases Stock Position in iShares U.S. Infrastructure ETF (BATS:IFRA)

Watershed Private Wealth LLC lessened its stake in iShares U.S. Infrastructure ETF (BATS:IFRA) by 5.9% in the fourth quarter, HoldingsChannel reports. The fund owned 42,751 shares of the company’s stock after selling 2,683 shares during the period. Watershed Private Wealth LLC’s holdings in iShares U.S. Infrastructure ETF were worth $1,979,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Wilmington Savings Fund Society FSB purchased a new position in shares of iShares U.S. Infrastructure ETF in the third quarter valued at about $27,000. Continuum Advisory LLC grew its stake in shares of iShares U.S. Infrastructure ETF by 41.8% in the third quarter. Continuum Advisory LLC now owns 1,221 shares of the company’s stock worth $60,000 after purchasing an additional 360 shares during the last quarter. Gilliland Jeter Wealth Management LLC grew its stake in shares of iShares U.S. Infrastructure ETF by 38.1% in the third quarter. Gilliland Jeter Wealth Management LLC now owns 1,483 shares of the company’s stock worth $70,000 after purchasing an additional 409 shares during the last quarter. Financial Advocates Investment Management purchased a new position in iShares U.S. Infrastructure ETF during the 3rd quarter valued at about $102,000. Finally, Cedar Wealth Management LLC raised its position in iShares U.S. Infrastructure ETF by 8.3% during the 3rd quarter. Cedar Wealth Management LLC now owns 2,600 shares of the company’s stock valued at $122,000 after purchasing an additional 200 shares during the last quarter.

iShares U.S. Infrastructure ETF Trading Up 1.0 %

Shares of IFRA stock opened at $47.23 on Wednesday. The company has a market cap of $2.60 billion, a price-to-earnings ratio of 16.71 and a beta of 0.89. The stock has a fifty day simple moving average of $48.27 and a 200 day simple moving average of $46.91.

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.