Shira Ridge Wealth Management Reduces Stock Holdings in iShares U.S. Infrastructure ETF (BATS:IFRA)

Shira Ridge Wealth Management reduced its stake in shares of iShares U.S. Infrastructure ETF (BATS:IFRA) by 11.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 69,587 shares of the company’s stock after selling 9,390 shares during the quarter. iShares U.S. Infrastructure ETF accounts for approximately 1.7% of Shira Ridge Wealth Management’s holdings, making the stock its 15th largest holding. Shira Ridge Wealth Management’s holdings in iShares U.S. Infrastructure ETF were worth $3,017,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Warner Financial Inc. grew its stake in iShares U.S. Infrastructure ETF by 0.7% during the 4th quarter. Warner Financial Inc. now owns 38,350 shares of the company’s stock valued at $1,544,000 after purchasing an additional 257 shares in the last quarter. Atlas Private Wealth Management grew its position in shares of iShares U.S. Infrastructure ETF by 1.5% in the 4th quarter. Atlas Private Wealth Management now owns 18,846 shares of the company’s stock worth $759,000 after acquiring an additional 272 shares in the last quarter. Raleigh Capital Management Inc. grew its position in shares of iShares U.S. Infrastructure ETF by 6.9% in the 4th quarter. Raleigh Capital Management Inc. now owns 4,448 shares of the company’s stock worth $179,000 after acquiring an additional 286 shares in the last quarter. Strategic Blueprint LLC grew its position in shares of iShares U.S. Infrastructure ETF by 0.6% in the 4th quarter. Strategic Blueprint LLC now owns 53,129 shares of the company’s stock worth $2,140,000 after acquiring an additional 314 shares in the last quarter. Finally, Sowell Financial Services LLC grew its position in shares of iShares U.S. Infrastructure ETF by 0.6% in the 4th quarter. Sowell Financial Services LLC now owns 59,033 shares of the company’s stock worth $2,377,000 after acquiring an additional 371 shares in the last quarter.

iShares U.S. Infrastructure ETF Stock Performance

Shares of IFRA traded up $0.17 during mid-day trading on Tuesday, hitting $41.72. The stock had a trading volume of 264,853 shares. The stock has a market capitalization of $2.29 billion, a P/E ratio of 16.71 and a beta of 0.89. The company’s fifty day moving average price is $43.13 and its two-hundred day moving average price is $41.49.

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.