iShares U.S. Digital Infrastructure and Real Estate ETF (NYSEARCA:IDGT) Trading Up 1.2% – Here’s What Happened

iShares U.S. Digital Infrastructure and Real Estate ETF (NYSEARCA:IDGT)’s share price were up 1.2% during mid-day trading on Thursday . The company traded as high as $88.55 and last traded at $87.59. Approximately 13,011 shares traded hands during mid-day trading, an increase of 2% from the average daily volume of 12,771 shares. The stock had previously closed at $86.51.

iShares U.S. Digital Infrastructure and Real Estate ETF Trading Up 0.8%

The firm has a market capitalization of $141.20 million, a P/E ratio of 32.93 and a beta of 1.08. The business’s 50 day simple moving average is $86.35 and its two-hundred day simple moving average is $85.72.

Institutional Investors Weigh In On iShares U.S. Digital Infrastructure and Real Estate ETF

Several institutional investors and hedge funds have recently made changes to their positions in IDGT. Parallel Advisors LLC purchased a new stake in iShares U.S. Digital Infrastructure and Real Estate ETF during the 2nd quarter valued at $470,000. Jones Financial Companies Lllp lifted its holdings in shares of iShares U.S. Digital Infrastructure and Real Estate ETF by 39.5% during the third quarter. Jones Financial Companies Lllp now owns 5,491 shares of the company’s stock valued at $474,000 after purchasing an additional 1,555 shares in the last quarter. Captrust Financial Advisors purchased a new stake in shares of iShares U.S. Digital Infrastructure and Real Estate ETF during the second quarter valued at $223,000. Howard Capital Management Group LLC bought a new stake in iShares U.S. Digital Infrastructure and Real Estate ETF in the 3rd quarter worth about $208,000. Finally, Sunbelt Securities Inc. increased its holdings in iShares U.S. Digital Infrastructure and Real Estate ETF by 7,428.0% in the 3rd quarter. Sunbelt Securities Inc. now owns 1,882 shares of the company’s stock worth $163,000 after buying an additional 1,857 shares in the last quarter.

iShares U.S. Digital Infrastructure and Real Estate ETF Company Profile

The iShares U.S. Digital Infrastructure and Real Estate ETF (IDGT) is an exchange-traded fund that mostly invests in information technology equity. The fund tracks an index of 50 US stocks involved in data centers, telecommunication towers, and related equipment. The fund uses a tiered approach in selection and weighting. IDGT was launched on Jul 10, 2001 and is issued by BlackRock.