iShares U.S. Infrastructure ETF $IFRA Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. reduced its stake in shares of iShares U.S. Infrastructure ETF (BATS:IFRA) by 9.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 114,105 shares of the company’s stock after selling 12,125 shares during the quarter. JPMorgan Chase & Co. owned 0.21% of iShares U.S. Infrastructure ETF worth $6,027,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of IFRA. Keel Point LLC grew its stake in shares of iShares U.S. Infrastructure ETF by 2.7% during the 3rd quarter. Keel Point LLC now owns 35,693 shares of the company’s stock worth $1,885,000 after purchasing an additional 939 shares during the period. Tcfg Wealth Management LLC purchased a new stake in iShares U.S. Infrastructure ETF during the third quarter worth $1,420,000. Advisory Services Network LLC acquired a new stake in iShares U.S. Infrastructure ETF during the third quarter valued at $133,000. NewEdge Advisors LLC grew its position in iShares U.S. Infrastructure ETF by 1.1% during the third quarter. NewEdge Advisors LLC now owns 21,828 shares of the company’s stock valued at $1,153,000 after buying an additional 244 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in iShares U.S. Infrastructure ETF by 4.4% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 468,853 shares of the company’s stock valued at $24,765,000 after buying an additional 19,638 shares in the last quarter.

iShares U.S. Infrastructure ETF Stock Performance

IFRA opened at $57.20 on Wednesday. The company has a fifty day moving average of $58.18 and a two-hundred day moving average of $54.86. The stock has a market capitalization of $3.08 billion, a price-to-earnings ratio of 19.30 and a beta of 0.98. iShares U.S. Infrastructure ETF has a fifty-two week low of $39.94 and a fifty-two week high of $60.87.

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.