iShares U.S. Infrastructure ETF $IFRA Shares Bought by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. raised its holdings in iShares U.S. Infrastructure ETF (BATS:IFRA) by 5.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 391,663 shares of the company’s stock after acquiring an additional 20,822 shares during the period. PNC Financial Services Group Inc. owned 0.73% of iShares U.S. Infrastructure ETF worth $22,403,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Hsbc Holdings PLC lifted its position in iShares U.S. Infrastructure ETF by 7.9% during the fourth quarter. Hsbc Holdings PLC now owns 753,905 shares of the company’s stock worth $39,670,000 after buying an additional 54,996 shares during the period. Stratos Wealth Partners LTD. grew its holdings in iShares U.S. Infrastructure ETF by 312.7% in the 4th quarter. Stratos Wealth Partners LTD. now owns 52,353 shares of the company’s stock valued at $2,755,000 after buying an additional 39,669 shares during the period. Triad Wealth Partners LLC purchased a new stake in iShares U.S. Infrastructure ETF in the 4th quarter valued at about $518,000. Hoge Financial Services LLC increased its stake in shares of iShares U.S. Infrastructure ETF by 22.7% during the 1st quarter. Hoge Financial Services LLC now owns 65,877 shares of the company’s stock valued at $3,768,000 after acquiring an additional 12,203 shares during the last quarter. Finally, Banque Cantonale Vaudoise acquired a new position in shares of iShares U.S. Infrastructure ETF during the 1st quarter valued at about $1,139,000.

iShares U.S. Infrastructure ETF Price Performance

Shares of IFRA stock opened at $62.69 on Friday. The firm’s 50-day simple moving average is $61.68 and its 200-day simple moving average is $59.60. iShares U.S. Infrastructure ETF has a 1-year low of $49.49 and a 1-year high of $64.25. The firm has a market cap of $3.37 billion, a P/E ratio of 19.30 and a beta of 0.98.

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.