Silverlake Wealth Management LLC Has $1.67 Million Position in iShares U.S. Infrastructure ETF (BATS:IFRA)

Silverlake Wealth Management LLC decreased its stake in iShares U.S. Infrastructure ETF (BATS:IFRA) by 10.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,970 shares of the company’s stock after selling 4,249 shares during the quarter. Silverlake Wealth Management LLC’s holdings in iShares U.S. Infrastructure ETF were worth $1,666,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of IFRA. Axxcess Wealth Management LLC lifted its holdings in shares of iShares U.S. Infrastructure ETF by 3.9% during the 4th quarter. Axxcess Wealth Management LLC now owns 5,870 shares of the company’s stock valued at $272,000 after purchasing an additional 222 shares in the last quarter. Redwood Investment Management LLC lifted its position in shares of iShares U.S. Infrastructure ETF by 4.7% during the 4th quarter. Redwood Investment Management LLC now owns 5,645 shares of the company’s stock valued at $261,000 after acquiring an additional 255 shares during the period. EverSource Wealth Advisors LLC lifted its position in shares of iShares U.S. Infrastructure ETF by 9.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,267 shares of the company’s stock worth $151,000 after buying an additional 286 shares during the last quarter. Bush Investment Group LLC raised its position in iShares U.S. Infrastructure ETF by 4.1% in the fourth quarter. Bush Investment Group LLC now owns 7,575 shares of the company’s stock valued at $351,000 after purchasing an additional 298 shares during the last quarter. Finally, Sunbelt Securities Inc. increased its stake in shares of iShares U.S. Infrastructure ETF by 1.0% in the fourth quarter. Sunbelt Securities Inc. now owns 30,140 shares of the company’s stock valued at $1,392,000 after buying an additional 303 shares during the period.

iShares U.S. Infrastructure ETF Stock Performance

Shares of iShares U.S. Infrastructure ETF stock opened at $50.01 on Wednesday. iShares U.S. Infrastructure ETF has a 52 week low of $39.94 and a 52 week high of $51.99. The stock has a 50 day moving average price of $48.05 and a two-hundred day moving average price of $46.66. The stock has a market capitalization of $2.69 billion, a PE ratio of 19.30 and a beta of 0.98.

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.