Royal Bank of Canada Sells 34,645 Shares of iShares U.S. Infrastructure ETF $IFRA

Royal Bank of Canada decreased its holdings in iShares U.S. Infrastructure ETF (BATS:IFRA) by 25.0% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 104,202 shares of the company’s stock after selling 34,645 shares during the period. Royal Bank of Canada’s holdings in iShares U.S. Infrastructure ETF were worth $5,960,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC bought a new stake in iShares U.S. Infrastructure ETF in the fourth quarter worth $26,000. Merkkuri Wealth Advisors LLC purchased a new stake in iShares U.S. Infrastructure ETF during the first quarter valued at about $26,000. Bayban bought a new position in shares of iShares U.S. Infrastructure ETF during the fourth quarter valued at about $27,000. High Point Wealth Management LLC bought a new position in shares of iShares U.S. Infrastructure ETF during the fourth quarter valued at about $28,000. Finally, Smartleaf Asset Management LLC purchased a new position in shares of iShares U.S. Infrastructure ETF in the fourth quarter worth about $28,000.

iShares U.S. Infrastructure ETF Trading Up 0.7%

BATS IFRA opened at $61.21 on Wednesday. iShares U.S. Infrastructure ETF has a 1-year low of $50.66 and a 1-year high of $64.25. The stock has a 50-day moving average of $61.73 and a 200-day moving average of $60.11. The firm has a market cap of $3.29 billion, a PE ratio of 19.30 and a beta of 0.98.

iShares U.S. Infrastructure ETF 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.