Mascoma Wealth Management LLC Trims Stock Position in iShares U.S. Infrastructure ETF (BATS:IFRA)

Mascoma Wealth Management LLC trimmed its stake in iShares U.S. Infrastructure ETF (BATS:IFRA) by 13.3% during the third quarter, HoldingsChannel reports. The institutional investor owned 3,456 shares of the company’s stock after selling 532 shares during the period. Mascoma Wealth Management LLC’s holdings in iShares U.S. Infrastructure ETF were worth $162,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Proactive Wealth Strategies LLC purchased a new position in shares of iShares U.S. Infrastructure ETF during the third quarter worth about $287,000. Verus Capital Partners LLC boosted its position in shares of iShares U.S. Infrastructure ETF by 19.5% in the 3rd quarter. Verus Capital Partners LLC now owns 11,767 shares of the company’s stock valued at $553,000 after purchasing an additional 1,920 shares during the period. Apollon Financial LLC purchased a new position in iShares U.S. Infrastructure ETF during the 3rd quarter worth approximately $209,000. Harbour Investments Inc. increased its position in iShares U.S. Infrastructure ETF by 16.4% during the third quarter. Harbour Investments Inc. now owns 26,481 shares of the company’s stock worth $1,244,000 after buying an additional 3,735 shares during the period. Finally, Apollon Wealth Management LLC lifted its stake in iShares U.S. Infrastructure ETF by 5.4% in the third quarter. Apollon Wealth Management LLC now owns 20,851 shares of the company’s stock valued at $979,000 after buying an additional 1,070 shares during the last quarter.

iShares U.S. Infrastructure ETF Stock Up 0.9 %

Shares of iShares U.S. Infrastructure ETF stock opened at $50.54 on Tuesday. The firm has a 50 day simple moving average of $46.82 and a two-hundred day simple moving average of $44.79. The firm has a market cap of $2.78 billion, a PE ratio of 16.71 and a beta of 0.89.

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.