Stifel Financial Corp Sells 1,640 Shares of iShares U.S. Infrastructure ETF (BATS:IFRA)

Stifel Financial Corp trimmed its stake in shares of iShares U.S. Infrastructure ETF (BATS:IFRA) by 0.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 229,004 shares of the company’s stock after selling 1,640 shares during the period. Stifel Financial Corp owned approximately 0.42% of iShares U.S. Infrastructure ETF worth $10,757,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of IFRA. Envestnet Asset Management Inc. boosted its position in iShares U.S. Infrastructure ETF by 3.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 6,913,506 shares of the company’s stock valued at $291,197,000 after buying an additional 209,698 shares during the last quarter. LPL Financial LLC boosted its holdings in iShares U.S. Infrastructure ETF by 11.8% in the third quarter. LPL Financial LLC now owns 2,166,783 shares of the company’s stock valued at $101,774,000 after acquiring an additional 227,962 shares during the last quarter. Wharton Business Group LLC increased its position in iShares U.S. Infrastructure ETF by 37.5% in the third quarter. Wharton Business Group LLC now owns 1,501,800 shares of the company’s stock worth $70,540,000 after purchasing an additional 409,880 shares during the period. CWM LLC raised its holdings in iShares U.S. Infrastructure ETF by 1.5% during the 3rd quarter. CWM LLC now owns 880,524 shares of the company’s stock worth $41,358,000 after purchasing an additional 13,426 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in iShares U.S. Infrastructure ETF by 1.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 564,544 shares of the company’s stock valued at $26,517,000 after purchasing an additional 6,292 shares during the period.

iShares U.S. Infrastructure ETF Stock Up 0.2 %

Shares of iShares U.S. Infrastructure ETF stock opened at $49.54 on Thursday. The company’s 50 day simple moving average is $48.89 and its two-hundred day simple moving average is $45.82. The company has a market cap of $2.72 billion, a PE ratio of 16.71 and a beta of 0.89.

iShares U.S. Infrastructure ETF Company 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.