Avidian Wealth Solutions LLC Has $565,000 Holdings in iShares U.S. Infrastructure ETF (BATS:IFRA)

Avidian Wealth Solutions LLC trimmed its stake in shares of iShares U.S. Infrastructure ETF (BATS:IFRA) by 8.1% during the first quarter, HoldingsChannel reports. The fund owned 13,033 shares of the company’s stock after selling 1,156 shares during the period. Avidian Wealth Solutions LLC’s holdings in iShares U.S. Infrastructure ETF were worth $565,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Envestnet Asset Management Inc. lifted its holdings in shares of iShares U.S. Infrastructure ETF by 2.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 6,993,830 shares of the company’s stock valued at $281,642,000 after purchasing an additional 163,064 shares in the last quarter. Scarborough Advisors LLC boosted its position in 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 worth $46,789,000 after acquiring an additional 1,075,667 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in iShares U.S. Infrastructure ETF by 5.7% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 977,037 shares of the company’s stock worth $39,345,000 after acquiring an additional 52,965 shares during the last quarter. CWM LLC grew its stake in shares of iShares U.S. Infrastructure ETF by 2.9% during the 4th quarter. CWM LLC now owns 887,402 shares of the company’s stock worth $35,736,000 after acquiring an additional 25,254 shares in the last quarter. Finally, Hsbc Holdings PLC raised its holdings in shares of iShares U.S. Infrastructure ETF by 35.7% in the fourth quarter. Hsbc Holdings PLC now owns 680,734 shares of the company’s stock valued at $27,413,000 after purchasing an additional 179,229 shares during the last quarter.

iShares U.S. Infrastructure ETF Trading Up 1.3 %

Shares of IFRA stock traded up $0.52 during trading on Wednesday, reaching $42.07. The company’s stock had a trading volume of 155,791 shares. The stock has a market capitalization of $2.31 billion, a P/E ratio of 16.71 and a beta of 0.89. The firm’s 50 day moving average is $43.06 and its two-hundred day moving average is $41.55.

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.