iShares U.S. Digital Infrastructure and Real Estate ETF (NYSEARCA:IDGT) Trading Down 0.4% – Should You Sell?

iShares U.S. Digital Infrastructure and Real Estate ETF (NYSEARCA:IDGTGet Free Report)’s share price dropped 0.4% on Monday . The company traded as low as $122.70 and last traded at $122.85. 12,184 shares were traded during trading, a decline of 69% from the average daily volume of 38,698 shares. The stock had previously closed at $123.40.

iShares U.S. Digital Infrastructure and Real Estate ETF Trading Down 3.1%

The firm has a market cap of $529.95 million, a P/E ratio of 32.93 and a beta of 1.16. The firm has a 50-day simple moving average of $118.35 and a 200-day simple moving average of $111.02.

Institutional Investors Weigh In On iShares U.S. Digital Infrastructure and Real Estate ETF

Hedge funds have recently made changes to their positions in the stock. Janney Montgomery Scott LLC grew its stake in iShares U.S. Digital Infrastructure and Real Estate ETF by 3.9% in the first quarter. Janney Montgomery Scott LLC now owns 4,667 shares of the company’s stock valued at $456,000 after purchasing an additional 177 shares during the last quarter. Sunbelt Securities Inc. raised its holdings in iShares U.S. Digital Infrastructure and Real Estate ETF by 7,428.0% in the third quarter. Sunbelt Securities Inc. now owns 1,882 shares of the company’s stock worth $163,000 after purchasing an additional 1,857 shares in the last quarter. Finally, Captrust Financial Advisors purchased a new stake in shares of iShares U.S. Digital Infrastructure and Real Estate ETF during the second quarter valued at about $223,000.

iShares U.S. Digital Infrastructure and Real Estate ETF Company Profile

(Get Free Report)

The iShares U.S. Digital Infrastructure and Real Estate ETF (IDGT) is an exchange-traded fund that mostly invests in information technology equity. The fund tracks an index of 50 US stocks involved in data centers, telecommunication towers, and related equipment. The fund uses a tiered approach in selection and weighting. IDGT was launched on Jul 10, 2001 and is issued by BlackRock.

Further Reading

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