B. Riley Wealth Advisors Inc. Lowers Holdings in iShares U.S. Infrastructure ETF (BATS:IFRA)

B. Riley Wealth Advisors Inc. decreased its holdings in iShares U.S. Infrastructure ETF (BATS:IFRA) by 1.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,729 shares of the company’s stock after selling 831 shares during the quarter. B. Riley Wealth Advisors Inc. owned approximately 0.09% of iShares U.S. Infrastructure ETF worth $2,325,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IFRA. Envestnet Asset Management Inc. grew its holdings 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 worth $291,197,000 after purchasing an additional 209,698 shares during the period. LPL Financial LLC grew its holdings in shares of iShares U.S. Infrastructure ETF by 11.8% during the 3rd quarter. LPL Financial LLC now owns 2,166,783 shares of the company’s stock worth $101,774,000 after purchasing an additional 227,962 shares during the period. Wharton Business Group LLC grew its holdings in shares of iShares U.S. Infrastructure ETF by 37.5% during the 3rd quarter. Wharton Business Group LLC now owns 1,501,800 shares of the company’s stock worth $70,540,000 after purchasing an additional 409,880 shares during the period. CWM LLC grew its holdings in shares of iShares U.S. Infrastructure ETF by 1.5% during the 3rd quarter. CWM LLC now owns 880,524 shares of the company’s stock worth $41,358,000 after purchasing an additional 13,426 shares during the period. Finally, MML Investors Services LLC grew its holdings in shares of iShares U.S. Infrastructure ETF by 3.8% during the 3rd quarter. MML Investors Services LLC now owns 630,423 shares of the company’s stock worth $29,611,000 after purchasing an additional 23,053 shares during the period.

iShares U.S. Infrastructure ETF Stock Down 0.7 %

Shares of BATS:IFRA opened at $48.74 on Monday. The stock has a market cap of $2.68 billion, a PE ratio of 16.71 and a beta of 0.89. The business’s 50-day moving average price is $48.97 and its 200-day moving average price is $45.90.

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.