Wealthcare Capital Partners LLC Increases Stock Position in iShares U.S. Infrastructure ETF (BATS:IFRA)

Wealthcare Capital Partners LLC increased its position in iShares U.S. Infrastructure ETF (BATS:IFRA) by 9.6% in the 1st quarter, Holdings Channel.com reports. The firm owned 18,721 shares of the company’s stock after buying an additional 1,632 shares during the quarter. Wealthcare Capital Partners LLC’s holdings in iShares U.S. Infrastructure ETF were worth $844,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Bank of America Corp DE raised its holdings in shares of iShares U.S. Infrastructure ETF by 86.2% during the fourth quarter. Bank of America Corp DE now owns 10,016,976 shares of the company’s stock worth $463,686,000 after purchasing an additional 4,636,315 shares during the period. LPL Financial LLC increased its holdings in shares of iShares U.S. Infrastructure ETF by 30.9% in the 4th quarter. LPL Financial LLC now owns 2,836,196 shares of the company’s stock worth $131,287,000 after acquiring an additional 669,413 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of iShares U.S. Infrastructure ETF in the 4th quarter worth about $19,464,000. Ameriprise Financial Inc. increased its holdings in shares of iShares U.S. Infrastructure ETF by 32.6% in the 4th quarter. Ameriprise Financial Inc. now owns 857,864 shares of the company’s stock worth $39,701,000 after acquiring an additional 211,018 shares during the period. Finally, Envestnet Asset Management Inc. increased its holdings in shares of iShares U.S. Infrastructure ETF by 2.8% in the 4th quarter. Envestnet Asset Management Inc. now owns 7,430,047 shares of the company’s stock worth $343,937,000 after acquiring an additional 205,081 shares during the period.

iShares U.S. Infrastructure ETF Stock Up 3.9%

IFRA stock opened at $48.61 on Friday. iShares U.S. Infrastructure ETF has a fifty-two week low of $39.94 and a fifty-two week high of $51.99. The firm’s 50-day simple moving average is $45.76 and its 200 day simple moving average is $46.85. The stock has a market cap of $2.46 billion, a PE ratio of 19.68 and a beta of 0.99.

iShares U.S. Infrastructure ETF 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.