iShares U.S. Digital Infrastructure and Real Estate ETF (NYSEARCA:IDGT) Stock Price Up 1.6% – Still a Buy?

iShares U.S. Digital Infrastructure and Real Estate ETF (NYSEARCA:IDGT)’s stock price rose 1.6% during mid-day trading on Tuesday . The company traded as high as $122.89 and last traded at $122.30. Approximately 51,815 shares were traded during trading, an increase of 153% from the average daily volume of 20,452 shares. The stock had previously closed at $120.42.

iShares U.S. Digital Infrastructure and Real Estate ETF Price Performance

The business has a fifty day moving average of $104.01 and a 200-day moving average of $93.56. The stock has a market capitalization of $281.29 million, a price-to-earnings ratio of 32.93 and a beta of 1.14.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of IDGT. Sunbelt Securities Inc. grew its holdings in iShares U.S. Digital Infrastructure and Real Estate ETF by 7,428.0% during the third quarter. Sunbelt Securities Inc. now owns 1,882 shares of the company’s stock worth $163,000 after acquiring an additional 1,857 shares during the period. Captrust Financial Advisors acquired a new position in iShares U.S. Digital Infrastructure and Real Estate ETF during the second quarter worth about $223,000. Janney Montgomery Scott LLC grew its holdings in iShares U.S. Digital Infrastructure and Real Estate ETF by 3.9% during the first quarter. Janney Montgomery Scott LLC now owns 4,667 shares of the company’s stock worth $456,000 after acquiring an additional 177 shares during the period. Finally, Jones Financial Companies Lllp grew its holdings in iShares U.S. Digital Infrastructure and Real Estate ETF by 39.5% during the third quarter. Jones Financial Companies Lllp now owns 5,491 shares of the company’s stock worth $474,000 after acquiring an additional 1,555 shares during the period.

About iShares U.S. Digital Infrastructure and Real Estate ETF

The iShares U.S. Digital Infrastructure and Real Estate ETF (IDGT) is an exchange-traded fund that mostly invests in information technology equity. The fund tracks an index of 50 US stocks involved in data centers, telecommunication towers, and related equipment. The fund uses a tiered approach in selection and weighting. IDGT was launched on Jul 10, 2001 and is issued by BlackRock.