iShares U.S. Infrastructure ETF (BATS:IFRA) Sets New 52-Week High – Should You Buy?

iShares U.S. Infrastructure ETF (BATS:IFRA)’s share price reached a new 52-week high on Thursday . The stock traded as high as $60.91 and last traded at $60.89, with a volume of 233211 shares. The stock had previously closed at $59.53.

iShares U.S. Infrastructure ETF Trading Up 2.6%

The company has a market capitalization of $3.29 billion, a price-to-earnings ratio of 19.30 and a beta of 0.98. The firm’s 50 day moving average price is $58.69 and its two-hundred day moving average price is $55.60.

Institutional Trading of iShares U.S. Infrastructure ETF

Several hedge funds and other institutional investors have recently modified their holdings of IFRA. International Assets Investment Management LLC bought a new stake in shares of iShares U.S. Infrastructure ETF during the 4th quarter worth about $26,000. Merkkuri Wealth Advisors LLC bought a new stake in shares of iShares U.S. Infrastructure ETF during the 1st quarter worth about $26,000. Bayban bought a new stake in shares of iShares U.S. Infrastructure ETF during the 4th quarter worth about $27,000. Bessemer Group Inc. boosted its holdings in shares of 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. Finally, Aventura Private Wealth LLC bought a new stake in shares of iShares U.S. Infrastructure ETF during the 4th quarter worth about $28,000.

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.