Farther Finance Advisors LLC Sells 40,794 Shares of iShares U.S. Infrastructure ETF (BATS:IFRA)

Farther Finance Advisors LLC decreased its position in shares of iShares U.S. Infrastructure ETF (BATS:IFRA) by 57.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,198 shares of the company’s stock after selling 40,794 shares during the quarter. Farther Finance Advisors LLC’s holdings in iShares U.S. Infrastructure ETF were worth $1,366,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in IFRA. Stratos Wealth Partners LTD. grew its position in shares of iShares U.S. Infrastructure ETF by 79.9% during the 4th quarter. Stratos Wealth Partners LTD. now owns 12,121 shares of the company’s stock worth $561,000 after buying an additional 5,385 shares in the last quarter. Apollon Wealth Management LLC grew its position in shares of iShares U.S. Infrastructure ETF by 8.5% during the 4th quarter. Apollon Wealth Management LLC now owns 22,620 shares of the company’s stock worth $1,047,000 after buying an additional 1,769 shares in the last quarter. Sovran Advisors LLC bought a new position in shares of iShares U.S. Infrastructure ETF during the 4th quarter worth $1,048,000. Latitude Advisors LLC bought a new stake in iShares U.S. Infrastructure ETF during the fourth quarter valued at about $202,000. Finally, Beacon Financial Group boosted its position in iShares U.S. Infrastructure ETF by 0.9% during the fourth quarter. Beacon Financial Group now owns 32,194 shares of the company’s stock valued at $1,490,000 after purchasing an additional 274 shares in the last quarter.

iShares U.S. Infrastructure ETF Price Performance

Shares of IFRA stock opened at $48.62 on Thursday. iShares U.S. Infrastructure ETF has a 1-year low of $39.94 and a 1-year high of $51.99. The stock’s 50-day moving average is $46.05 and its 200 day moving average is $46.79. The company has a market cap of $2.47 billion, a P/E ratio of 19.68 and a beta of 0.99.

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.