iShares U.S. Infrastructure ETF $IFRA Stake Boosted by Herbst Group LLC

Herbst Group LLC boosted its holdings in iShares U.S. Infrastructure ETF (BATS:IFRA) by 42.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,190 shares of the company’s stock after purchasing an additional 8,930 shares during the quarter. Herbst Group LLC’s holdings in iShares U.S. Infrastructure ETF were worth $1,903,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in IFRA. Cetera Investment Advisers raised its holdings in shares of iShares U.S. Infrastructure ETF by 52.6% during the first quarter. Cetera Investment Advisers now owns 1,076,201 shares of the company’s stock worth $61,559,000 after purchasing an additional 371,039 shares during the period. Bank of America Corp DE boosted its holdings in shares of iShares U.S. Infrastructure ETF by 2.2% in the 3rd quarter. Bank of America Corp DE now owns 10,015,425 shares of the company’s stock valued at $529,015,000 after buying an additional 217,548 shares during the period. TrustBank bought a new stake in shares of iShares U.S. Infrastructure ETF during the 4th quarter valued at about $10,295,000. Sumitomo Life Insurance Co. grew its position in shares of iShares U.S. Infrastructure ETF by 161.6% during the 4th quarter. Sumitomo Life Insurance Co. now owns 196,700 shares of the company’s stock valued at $10,350,000 after buying an additional 121,500 shares during the last quarter. Finally, Van ECK Associates Corp bought a new stake in shares of iShares U.S. Infrastructure ETF during the 4th quarter valued at about $5,792,000.

iShares U.S. Infrastructure ETF Price Performance

IFRA opened at $61.13 on Monday. The company’s 50-day moving average price is $61.72 and its 200 day moving average price is $60.05. iShares U.S. Infrastructure ETF has a fifty-two week low of $50.49 and a fifty-two week high of $64.25. The firm has a market cap of $3.29 billion, a price-to-earnings ratio of 19.30 and a beta of 0.98.

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.