iShares U.S. Infrastructure ETF (BATS:IFRA) Reaches New 1-Year High – Should You Buy?

iShares U.S. Infrastructure ETF (BATS:IFRA)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $63.85 and last traded at $63.85, with a volume of 14271 shares changing hands. The stock had previously closed at $62.90.

iShares U.S. Infrastructure ETF Stock Performance

The company has a market cap of $3.45 billion, a PE ratio of 19.30 and a beta of 0.98. The business’s 50-day moving average is $61.14 and its 200 day moving average is $58.24.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. S&A Financial Services Inc. bought a new stake in shares of iShares U.S. Infrastructure ETF in the 1st quarter valued at about $1,186,000. Parallel Advisors LLC grew its position in iShares U.S. Infrastructure ETF by 47.3% during the 1st quarter. Parallel Advisors LLC now owns 4,532 shares of the company’s stock worth $259,000 after acquiring an additional 1,455 shares during the last quarter. Immaculate Wealth Management LLC purchased a new position in iShares U.S. Infrastructure ETF in the 1st quarter worth approximately $719,000. Western Wealth Management LLC increased its stake in iShares U.S. Infrastructure ETF by 84.6% in the 1st quarter. Western Wealth Management LLC now owns 50,371 shares of the company’s stock worth $2,881,000 after purchasing an additional 23,080 shares during the period. Finally, Arkadios Wealth Advisors lifted its position in iShares U.S. Infrastructure ETF by 361.4% in the first quarter. Arkadios Wealth Advisors now owns 26,683 shares of the company’s stock valued at $1,526,000 after purchasing an additional 20,900 shares during the last quarter.

About iShares U.S. Infrastructure ETF

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.