iShares U.S. Infrastructure ETF (BATS:IFRA – Get Free Report) shares traded up 0.4% during trading on Wednesday . The company traded as high as $58.66 and last traded at $58.63. Approximately 410,280 shares changed hands during mid-day trading, an increase of 9% from the average session volume of 376,725 shares. The stock had previously closed at $58.39.
iShares U.S. Infrastructure ETF Trading Up 0.4%
The business has a 50 day simple moving average of $61.25 and a two-hundred day simple moving average of $60.41. The stock has a market cap of $3.15 billion, a price-to-earnings ratio of 19.30 and a beta of 0.98.
Hedge Funds Weigh In On iShares U.S. Infrastructure ETF
Several institutional investors and hedge funds have recently made changes to their positions in the business. Cetera Investment Advisers increased its stake in shares of iShares U.S. Infrastructure ETF by 52.6% in the first quarter. Cetera Investment Advisers now owns 1,076,201 shares of the company’s stock worth $61,559,000 after buying an additional 371,039 shares during the last quarter. Bank of America Corp DE boosted its stake in iShares U.S. Infrastructure ETF by 2.2% during 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 acquiring an additional 217,548 shares during the last quarter. TrustBank bought a new position in iShares U.S. Infrastructure ETF during the 4th quarter valued at $10,295,000. Sumitomo Life Insurance Co. boosted its stake in 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 acquiring an additional 121,500 shares during the last quarter. Finally, Van ECK Associates Corp acquired a new position in iShares U.S. Infrastructure ETF during the 4th quarter worth $5,792,000.
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.
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