Werba Rubin Papier Wealth Management Trims Stock Holdings in iShares U.S. Infrastructure ETF (BATS:IFRA)

Werba Rubin Papier Wealth Management cut its holdings in shares of iShares U.S. Infrastructure ETF (BATS:IFRA) by 3.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,661 shares of the company’s stock after selling 446 shares during the period. Werba Rubin Papier Wealth Management’s holdings in iShares U.S. Infrastructure ETF were worth $642,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Zions Bancorporation N.A. purchased a new position in iShares U.S. Infrastructure ETF during the 2nd quarter worth $33,000. ORG Partners LLC purchased a new position in shares of iShares U.S. Infrastructure ETF during the second quarter worth about $36,000. Deane Retirement Strategies Inc. acquired a new position in iShares U.S. Infrastructure ETF in the 2nd quarter valued at about $52,000. LGT Financial Advisors LLC lifted its position in iShares U.S. Infrastructure ETF by 36.6% during the 2nd 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 period. Finally, International Assets Investment Management LLC purchased a new position in shares of iShares U.S. Infrastructure ETF in the 2nd quarter valued at approximately $65,000.

iShares U.S. Infrastructure ETF Price Performance

iShares U.S. Infrastructure ETF stock opened at $48.10 on Friday. The business’s 50 day moving average is $45.78 and its 200 day moving average is $44.13. The stock has a market capitalization of $2.64 billion, a PE 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.