JB Capital LLC Has $11.62 Million Stock Holdings in iShares U.S. Infrastructure ETF (BATS:IFRA)

JB Capital LLC reduced its holdings in iShares U.S. Infrastructure ETF (BATS:IFRA) by 2.6% in the fourth quarter, HoldingsChannel reports. The firm owned 251,083 shares of the company’s stock after selling 6,606 shares during the period. iShares U.S. Infrastructure ETF makes up about 0.7% of JB Capital LLC’s investment portfolio, making the stock its 27th biggest holding. JB Capital LLC’s holdings in iShares U.S. Infrastructure ETF were worth $11,623,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Wilmington Savings Fund Society FSB bought a new position in iShares U.S. Infrastructure ETF in the third quarter worth approximately $27,000. Continuum Advisory LLC grew its position in iShares U.S. Infrastructure ETF by 41.8% in the 3rd quarter. Continuum Advisory LLC now owns 1,221 shares of the company’s stock valued at $60,000 after purchasing an additional 360 shares during the period. Gilliland Jeter Wealth Management LLC raised its holdings in iShares U.S. Infrastructure ETF by 38.1% during the third quarter. Gilliland Jeter Wealth Management LLC now owns 1,483 shares of the company’s stock worth $70,000 after buying an additional 409 shares during the last quarter. Financial Advocates Investment Management acquired a new stake in shares of iShares U.S. Infrastructure ETF in the 3rd quarter worth about $102,000. Finally, Cedar Wealth Management LLC boosted its stake in iShares U.S. Infrastructure ETF by 8.3% during the 3rd quarter. Cedar Wealth Management LLC now owns 2,600 shares of the company’s stock valued at $122,000 after purchasing an additional 200 shares during the last quarter.

iShares U.S. Infrastructure ETF Trading Up 1.4 %

Shares of iShares U.S. Infrastructure ETF stock opened at $47.43 on Monday. The stock has a market capitalization of $2.61 billion, a P/E ratio of 16.71 and a beta of 0.89. The business has a 50 day moving average of $48.08 and a 200 day moving average of $46.98.

iShares U.S. Infrastructure ETF 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.