LPL Financial LLC Increases Stock Position in iShares U.S. Infrastructure ETF (BATS:IFRA)

LPL Financial LLC raised its position in iShares U.S. Infrastructure ETF (BATS:IFRA) by 30.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,836,196 shares of the company’s stock after acquiring an additional 669,413 shares during the quarter. LPL Financial LLC owned approximately 5.16% of iShares U.S. Infrastructure ETF worth $131,287,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mosley Wealth Management increased its stake in shares of iShares U.S. Infrastructure ETF by 4.2% during the fourth quarter. Mosley Wealth Management now owns 13,133 shares of the company’s stock valued at $621,000 after buying an additional 535 shares during the period. Thrivent Financial for Lutherans increased its position in iShares U.S. Infrastructure ETF by 1.2% during the 4th quarter. Thrivent Financial for Lutherans now owns 184,102 shares of the company’s stock valued at $9,274,000 after purchasing an additional 2,220 shares during the period. Axxcess Wealth Management LLC raised its holdings in iShares U.S. Infrastructure ETF by 3.9% in the 4th quarter. Axxcess Wealth Management LLC now owns 5,870 shares of the company’s stock worth $272,000 after purchasing an additional 222 shares in the last quarter. Flagship Wealth Advisors LLC purchased a new stake in shares of iShares U.S. Infrastructure ETF in the 4th quarter worth about $46,000. Finally, Arrien Investments Inc. bought a new stake in shares of iShares U.S. Infrastructure ETF during the 4th quarter valued at about $1,650,000.

iShares U.S. Infrastructure ETF Price Performance

IFRA stock opened at $46.18 on Tuesday. iShares U.S. Infrastructure ETF has a 1 year low of $40.93 and a 1 year high of $51.99. The firm has a 50-day moving average of $46.87 and a 200 day moving average of $47.43. The company has a market cap of $2.23 billion, a P/E ratio of 19.03 and a beta of 1.05.

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.