Hsbc Holdings PLC Cuts Stock Position in iShares U.S. Infrastructure ETF (BATS:IFRA)

Hsbc Holdings PLC trimmed its holdings in shares of iShares U.S. Infrastructure ETF (BATS:IFRA) by 0.6% in the second quarter, Holdings Channel reports. The firm owned 675,260 shares of the company’s stock after selling 4,057 shares during the period. Hsbc Holdings PLC’s holdings in iShares U.S. Infrastructure ETF were worth $28,442,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in IFRA. Scarborough Advisors LLC lifted its stake in shares of iShares U.S. Infrastructure ETF by 1,247.5% during the fourth quarter. Scarborough Advisors LLC now owns 1,161,893 shares of the company’s stock worth $46,789,000 after purchasing an additional 1,075,667 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of iShares U.S. Infrastructure ETF by 155.2% during the 1st quarter. Cetera Investment Advisers now owns 501,707 shares of the company’s stock valued at $21,754,000 after buying an additional 305,141 shares during the period. Envestnet Asset Management Inc. raised its holdings in shares of iShares U.S. Infrastructure ETF by 3.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 6,913,506 shares of the company’s stock valued at $291,197,000 after buying an additional 209,698 shares during the period. AlphaQ Advisors LLC acquired a new position in iShares U.S. Infrastructure ETF during the 1st quarter worth approximately $4,188,000. Finally, Principal Financial Group Inc. purchased a new position in iShares U.S. Infrastructure ETF in the 1st quarter worth approximately $3,979,000.

iShares U.S. Infrastructure ETF Price Performance

IFRA opened at $46.77 on Friday. The firm’s 50-day moving average price is $44.83 and its 200 day moving average price is $43.45. The stock has a market capitalization of $2.57 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.