iShares U.S. Digital Infrastructure and Real Estate ETF (NYSEARCA:IDGT) Stock Price Up 1% – Still a Buy?

iShares U.S. Digital Infrastructure and Real Estate ETF (NYSEARCA:IDGT) rose 1% during mid-day trading on Tuesday . The company traded as high as $111.61 and last traded at $111.40. Approximately 34,112 shares traded hands during mid-day trading, an increase of 162% from the average daily volume of 13,044 shares. The stock had previously closed at $110.29.

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

The company’s 50 day moving average price is $98.00 and its 200 day moving average price is $90.88. The company has a market cap of $189.38 million, a price-to-earnings ratio of 32.93 and a beta of 1.03.

Hedge Funds Weigh In On iShares U.S. Digital Infrastructure and Real Estate ETF

Hedge funds have recently bought and sold shares of the business. Jones Financial Companies Lllp raised 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 valued at $474,000 after buying an additional 1,555 shares in the last quarter. Captrust Financial Advisors bought a new stake in shares of iShares U.S. Digital Infrastructure and Real Estate ETF during the 2nd quarter worth about $223,000. Howard Capital Management Group LLC acquired a new position in shares of iShares U.S. Digital Infrastructure and Real Estate ETF during the 3rd quarter valued at about $208,000. Finally, Sunbelt Securities Inc. raised its stake in shares of iShares U.S. Digital Infrastructure and Real Estate ETF by 7,428.0% in the 3rd quarter. Sunbelt Securities Inc. now owns 1,882 shares of the company’s stock valued at $163,000 after acquiring an additional 1,857 shares in the last quarter.

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.