Farther Finance Advisors LLC raised its stake in iShares U.S. Infrastructure ETF (BATS:IFRA – Free Report) by 1.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 70,992 shares of the company’s stock after acquiring an additional 729 shares during the period. Farther Finance Advisors LLC’s holdings in iShares U.S. Infrastructure ETF were worth $3,286,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new stake in iShares U.S. Infrastructure ETF in the third quarter valued at approximately $27,000. Continuum Advisory LLC lifted its position in shares of iShares U.S. Infrastructure ETF by 41.8% in the 3rd quarter. Continuum Advisory LLC now owns 1,221 shares of the company’s stock worth $60,000 after purchasing an additional 360 shares during the period. Golden State Wealth Management LLC bought a new stake in shares of iShares U.S. Infrastructure ETF in the 4th quarter valued at $105,000. Cedar Wealth Management LLC increased its position in shares of iShares U.S. Infrastructure ETF by 8.3% during the third quarter. Cedar Wealth Management LLC now owns 2,600 shares of the company’s stock worth $122,000 after buying an additional 200 shares during the period. Finally, MCF Advisors LLC acquired a new stake in shares of iShares U.S. Infrastructure ETF during the fourth quarter worth $140,000.
iShares U.S. Infrastructure ETF Trading Down 4.0 %
IFRA stock opened at $44.90 on Thursday. The firm has a market capitalization of $2.31 billion, a price-to-earnings ratio of 19.01 and a beta of 1.05. The firm has a 50-day moving average price of $46.95 and a two-hundred day moving average price of $47.39.
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.
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