iShares U.S. Infrastructure ETF (BATS:IFRA) Hits New 12-Month High – Here’s Why

iShares U.S. Infrastructure ETF (BATS:IFRA) shares hit a new 52-week high on Wednesday . The company traded as high as $62.43 and last traded at $62.43, with a volume of 305 shares trading hands. The stock had previously closed at $59.78.

iShares U.S. Infrastructure ETF Stock Performance

The company has a market cap of $3.19 billion, a price-to-earnings ratio of 19.30 and a beta of 0.98. The stock’s fifty day simple moving average is $58.60 and its two-hundred day simple moving average is $55.34.

Hedge Funds Weigh In On iShares U.S. Infrastructure ETF

Several hedge funds and other institutional investors have recently made changes to their positions in IFRA. International Assets Investment Management LLC acquired a new position in shares of iShares U.S. Infrastructure ETF during the 4th quarter valued at $26,000. Bayban purchased a new stake in iShares U.S. Infrastructure ETF during the 4th quarter worth $27,000. Bessemer Group Inc. increased its stake in iShares U.S. Infrastructure ETF by 226.7% during the 3rd quarter. Bessemer Group Inc. now owns 526 shares of the company’s stock worth $28,000 after buying an additional 365 shares during the period. Aventura Private Wealth LLC purchased a new stake in iShares U.S. Infrastructure ETF during the 4th quarter worth $28,000. Finally, High Point Wealth Management LLC purchased a new stake in iShares U.S. Infrastructure ETF during the 4th quarter worth $28,000.

iShares U.S. Infrastructure ETF Company 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.