Independent Financial Group LLC purchased a new stake in shares of iShares U.S. Infrastructure ETF (BATS:IFRA – Free Report) during the first quarter, Holdings Channel.com reports. The fund purchased 9,505 shares of the company’s stock, valued at approximately $544,000.
Several other institutional investors and hedge funds also recently made changes to their positions in IFRA. Merkkuri Wealth Advisors LLC purchased a new stake in iShares U.S. Infrastructure ETF in the 1st quarter worth about $26,000. International Assets Investment Management LLC purchased a new stake in iShares U.S. Infrastructure ETF during the fourth quarter valued at about $26,000. Bayban purchased a new stake in iShares U.S. Infrastructure ETF during the fourth quarter valued at about $27,000. High Point Wealth Management LLC bought a new position in iShares U.S. Infrastructure ETF during the fourth quarter worth about $28,000. Finally, Smartleaf Asset Management LLC bought a new position in iShares U.S. Infrastructure ETF during the fourth quarter worth about $28,000.
iShares U.S. Infrastructure ETF Stock Up 1.4%
IFRA opened at $61.96 on Thursday. The company has a market capitalization of $3.33 billion, a price-to-earnings ratio of 19.30 and a beta of 0.98. The firm has a 50-day moving average price of $61.62 and a 200-day moving average price of $59.51. iShares U.S. Infrastructure ETF has a twelve month low of $49.49 and a twelve month high of $64.25.
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.
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Want to see what other hedge funds are holding IFRA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares U.S. Infrastructure ETF (BATS:IFRA – Free Report).
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