US Bancorp DE Sells 1,262 Shares of iShares U.S. Infrastructure ETF (BATS:IFRA)

US Bancorp DE lowered its holdings in iShares U.S. Infrastructure ETF (BATS:IFRA) by 1.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 75,322 shares of the company’s stock after selling 1,262 shares during the quarter. US Bancorp DE owned 0.14% of iShares U.S. Infrastructure ETF worth $3,487,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. LPL Financial LLC grew its holdings in iShares U.S. Infrastructure ETF by 11.8% in the 3rd quarter. LPL Financial LLC now owns 2,166,783 shares of the company’s stock valued at $101,774,000 after buying an additional 227,962 shares during the last quarter. Wharton Business Group LLC grew its holdings in iShares U.S. Infrastructure ETF by 3.8% in the 4th quarter. Wharton Business Group LLC now owns 1,559,400 shares of the company’s stock valued at $72,185,000 after buying an additional 57,600 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in iShares U.S. Infrastructure ETF by 2.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,521,971 shares of the company’s stock valued at $71,487,000 after buying an additional 36,234 shares during the last quarter. Park Avenue Securities LLC grew its holdings in iShares U.S. Infrastructure ETF by 4.4% in the 4th quarter. Park Avenue Securities LLC now owns 720,366 shares of the company’s stock valued at $33,346,000 after buying an additional 30,576 shares during the last quarter. Finally, MML Investors Services LLC grew its holdings in iShares U.S. Infrastructure ETF by 3.8% in the 3rd quarter. MML Investors Services LLC now owns 630,423 shares of the company’s stock valued at $29,611,000 after buying an additional 23,053 shares during the last quarter.

iShares U.S. Infrastructure ETF Price Performance

IFRA opened at $45.68 on Thursday. The firm has a 50-day simple moving average of $47.08 and a 200 day simple moving average of $47.37. The firm has a market cap of $2.35 billion, a price-to-earnings ratio of 19.01 and a beta of 1.05.

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.