Raymond James & Associates Decreases Holdings in iShares U.S. Infrastructure ETF (BATS:IFRA)

Raymond James & Associates reduced its position in iShares U.S. Infrastructure ETF (BATS:IFRA) by 2.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 69,848 shares of the company’s stock after selling 1,409 shares during the period. Raymond James & Associates owned approximately 0.13% of iShares U.S. Infrastructure ETF worth $2,942,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Envestnet Asset Management Inc. grew its position in iShares U.S. Infrastructure ETF by 2.4% during the fourth quarter. Envestnet Asset Management Inc. now owns 6,993,830 shares of the company’s stock valued at $281,642,000 after buying an additional 163,064 shares during the period. Scarborough Advisors LLC grew its position in shares of iShares U.S. Infrastructure ETF by 1,247.5% during the 4th quarter. Scarborough Advisors LLC now owns 1,161,893 shares of the company’s stock valued at $46,789,000 after acquiring an additional 1,075,667 shares during the period. Envestnet Portfolio Solutions Inc. grew its position in shares of iShares U.S. Infrastructure ETF by 2.9% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 992,639 shares of the company’s stock valued at $41,810,000 after acquiring an additional 28,235 shares during the period. Park Avenue Securities LLC increased its stake in shares of iShares U.S. Infrastructure ETF by 0.4% in the 2nd quarter. Park Avenue Securities LLC now owns 700,644 shares of the company’s stock worth $29,511,000 after purchasing an additional 2,848 shares in the last quarter. Finally, Hsbc Holdings PLC raised its holdings in iShares U.S. Infrastructure ETF by 35.7% in the 4th quarter. Hsbc Holdings PLC now owns 680,734 shares of the company’s stock worth $27,413,000 after purchasing an additional 179,229 shares during the period.

iShares U.S. Infrastructure ETF Stock Up 0.8 %

BATS:IFRA opened at $45.63 on Monday. The firm’s 50-day moving average is $43.92 and its 200-day moving average is $42.97. The company has a market capitalization of $2.51 billion, a price-to-earnings ratio of 16.71 and a beta of 0.89.

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.