Concorde Asset Management LLC Trims Stake in iShares U.S. Infrastructure ETF (BATS:IFRA)

Concorde Asset Management LLC reduced its stake in iShares U.S. Infrastructure ETF (BATS:IFRA) by 5.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,044 shares of the company’s stock after selling 377 shares during the period. Concorde Asset Management LLC’s holdings in iShares U.S. Infrastructure ETF were worth $297,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of IFRA. Zions Bancorporation N.A. bought a new stake in shares of iShares U.S. Infrastructure ETF during the 2nd quarter valued at $33,000. ICA Group Wealth Management LLC purchased a new position in iShares U.S. Infrastructure ETF during the fourth quarter valued at $34,000. ORG Partners LLC purchased a new position in iShares U.S. Infrastructure ETF during the second quarter valued at $36,000. Deane Retirement Strategies Inc. bought a new stake in iShares U.S. Infrastructure ETF in the second quarter worth $52,000. Finally, LGT Financial Advisors LLC grew its stake in shares of iShares U.S. Infrastructure ETF by 36.6% in the second quarter. LGT Financial Advisors LLC now owns 1,302 shares of the company’s stock worth $55,000 after acquiring an additional 349 shares during the last quarter.

iShares U.S. Infrastructure ETF Trading Down 0.4 %

IFRA opened at $46.17 on Thursday. The stock has a 50-day moving average of $44.70 and a 200-day moving average of $43.37. The stock has a market cap of $2.54 billion, a price-to-earnings ratio of 16.71 and a beta of 0.89.

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.