Bush Investment Group LLC Sells 806 Shares of iShares U.S. Infrastructure ETF (BATS:IFRA)

Bush Investment Group LLC cut its stake in iShares U.S. Infrastructure ETF (BATS:IFRA) by 10.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,669 shares of the company’s stock after selling 806 shares during the period. iShares U.S. Infrastructure ETF comprises approximately 0.3% of Bush Investment Group LLC’s holdings, making the stock its 28th largest holding. Bush Investment Group LLC’s holdings in iShares U.S. Infrastructure ETF were worth $289,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. CWM LLC grew its position in 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 during the last quarter. Lincoln National Corp raised its holdings in shares of iShares U.S. Infrastructure ETF by 44.2% in the fourth quarter. Lincoln National Corp now owns 13,460 shares of the company’s stock valued at $542,000 after buying an additional 4,128 shares during the last quarter. TSA Wealth Managment LLC acquired a new position in iShares U.S. Infrastructure ETF during the 4th quarter worth about $1,597,000. Diversify Advisory Services LLC bought a new stake in iShares U.S. Infrastructure ETF during the 1st quarter worth about $1,355,000. Finally, Orion Portfolio Solutions LLC increased its position in iShares U.S. Infrastructure ETF by 36.3% in the 4th quarter. Orion Portfolio Solutions LLC now owns 55,183 shares of the company’s stock valued at $2,199,000 after acquiring an additional 14,695 shares in the last quarter.

iShares U.S. Infrastructure ETF Price Performance

Shares of IFRA traded down $1.11 during mid-day trading on Friday, hitting $44.57. 185,710 shares of the company traded hands. The stock has a market capitalization of $2.45 billion, a PE ratio of 16.71 and a beta of 0.89. The business has a 50 day simple moving average of $43.36 and a 200-day simple moving average of $42.16.

iShares U.S. Infrastructure ETF Company 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.