TCI Wealth Advisors Inc. Has $477,000 Stake in iShares U.S. Infrastructure ETF (BATS:IFRA)

TCI Wealth Advisors Inc. lowered its stake in iShares U.S. Infrastructure ETF (BATS:IFRA) by 2.1% during the third quarter, HoldingsChannel.com reports. The firm owned 10,146 shares of the company’s stock after selling 220 shares during the period. TCI Wealth Advisors Inc.’s holdings in iShares U.S. Infrastructure ETF were worth $477,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of IFRA. Cetera Investment Advisers grew its position in 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 worth $21,754,000 after acquiring an additional 305,141 shares during the last quarter. Sanctuary Advisors LLC bought a new position in shares of iShares U.S. Infrastructure ETF during the 2nd quarter worth $12,791,000. Kestra Investment Management LLC bought a new position in shares of iShares U.S. Infrastructure ETF in the second quarter valued at approximately $11,516,000. Envestnet Asset Management Inc. boosted its position 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 acquiring an additional 209,698 shares during the last quarter. Finally, AlphaQ Advisors LLC bought a new position in shares of iShares U.S. Infrastructure ETF during the 1st quarter valued at about $4,188,000.

iShares U.S. Infrastructure ETF Trading Down 0.8 %

iShares U.S. Infrastructure ETF stock traded down $0.40 during mid-day trading on Monday, hitting $46.94. The company’s stock had a trading volume of 163,689 shares. The business has a 50 day moving average of $46.12 and a 200 day moving average of $44.30. The stock has a market cap of $2.58 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.