iShares U.S. Digital Infrastructure and Real Estate ETF (NYSEARCA:IDGT) Shares Down 1.6% – What’s Next?

iShares U.S. Digital Infrastructure and Real Estate ETF (NYSEARCA:IDGT)’s stock price dropped 1.6% during trading on Wednesday . The company traded as low as $121.22 and last traded at $121.71. 27,741 shares were traded during mid-day trading, a decline of 22% from the average daily volume of 35,362 shares. The stock had previously closed at $123.63.

iShares U.S. Digital Infrastructure and Real Estate ETF Stock Down 1.2%

The stock has a fifty day moving average of $121.58 and a 200-day moving average of $102.87. The stock has a market cap of $275.33 million, a PE ratio of 32.93 and a beta of 1.14.

Institutional Trading of iShares U.S. Digital Infrastructure and Real Estate ETF

A number of hedge funds have recently added to or reduced their stakes in IDGT. Janney Montgomery Scott LLC increased its holdings in shares of iShares U.S. Digital Infrastructure and Real Estate ETF by 3.9% in the first quarter. Janney Montgomery Scott LLC now owns 4,667 shares of the company’s stock valued at $456,000 after purchasing an additional 177 shares during the period. Captrust Financial Advisors acquired a new stake in shares of iShares U.S. Digital Infrastructure and Real Estate ETF during the second quarter worth $223,000. Finally, Sunbelt Securities Inc. lifted its holdings in shares of 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 purchasing an additional 1,857 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.