Sovran Advisors LLC bought a new position in shares of iShares U.S. Infrastructure ETF (BATS:IFRA – Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 16,455 shares of the company’s stock, valued at approximately $867,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Root Financial Partners LLC purchased a new stake in shares of iShares U.S. Infrastructure ETF during the third quarter valued at approximately $32,000. Twin Peaks Wealth Advisors LLC bought a new position in iShares U.S. Infrastructure ETF in the 2nd quarter valued at $34,000. Mather Group LLC. bought a new position in iShares U.S. Infrastructure ETF in the 3rd quarter valued at $34,000. Financial Gravity Companies Inc. purchased a new stake in shares of iShares U.S. Infrastructure ETF during the 2nd quarter valued at $35,000. Finally, Russell Investments Group Ltd. raised its stake in shares of iShares U.S. Infrastructure ETF by 493.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 896 shares of the company’s stock worth $44,000 after purchasing an additional 745 shares during the period.
iShares U.S. Infrastructure ETF Stock Performance
Shares of BATS:IFRA opened at $56.45 on Tuesday. The company has a market capitalization of $3.04 billion, a P/E ratio of 19.30 and a beta of 0.98. The company’s 50-day moving average is $53.70 and its 200 day moving average is $52.59. iShares U.S. Infrastructure ETF has a fifty-two week low of $39.94 and a fifty-two week high of $51.99.
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.
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