This Infrastructure Stock Surged Nearly 40% in One Year -- and One Fund Sold $11 Million in Shares

On January 29, Managed Asset Portfolios disclosed a sale of 120,214 shares of Everus Construction Group (NYSE:ECG), an estimated 10.76milliontradebasedonquarterlyaveragepricing.WhathappenedAccordingtoanSECfilingdatedJanuary29,ManagedAssetPortfoliosreduceditspositioninEverusConstructionGroupby120,214sharesduringthefourthquarter.Theestimatedvalueofsharessoldwas10.76 million trade based on quarterly average pricing. What happened According to an SEC filing dated January 29, Managed Asset Portfolios reduced its position in Everus Construction Group by 120,214 shares during the fourth quarter. The estimated value of shares sold was 10.76 million, calculated using the average closing price over the quarter. At quarter-end, the ECG posi ...