Commonwealth Equity Services LLC purchased a new stake in iShares U.S. Infrastructure ETF (BATS:IFRA – Free Report) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 315,059 shares of the company’s stock, valued at approximately $17,338,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Washington Trust Advisors Inc. bought a new stake in shares of iShares U.S. Infrastructure ETF in the 2nd quarter valued at about $27,000. Signature Equity Partners LLC lifted its stake in iShares U.S. Infrastructure ETF by 74.6% in the 1st quarter. Signature Equity Partners LLC now owns 688 shares of the company’s stock valued at $39,000 after purchasing an additional 294 shares during the last quarter. American National Bank & Trust bought a new position in iShares U.S. Infrastructure ETF during the third quarter worth about $43,000. Mather Group LLC. bought a new position in iShares U.S. Infrastructure ETF during the third quarter worth about $80,000. Finally, Assetmark Inc. grew its holdings in iShares U.S. Infrastructure ETF by 29.3% during the first quarter. Assetmark Inc. now owns 1,549 shares of the company’s stock worth $89,000 after purchasing an additional 351 shares during the period.
iShares U.S. Infrastructure ETF Stock Down 0.1%
Shares of BATS IFRA opened at $57.56 on Wednesday. The business’s 50 day moving average price is $57.12 and its two-hundred day moving average price is $59.39. The company has a market cap of $3.10 billion, a PE ratio of 19.30 and a beta of 0.98. iShares U.S. Infrastructure ETF has a twelve month low of $50.66 and a twelve month high of $64.25.
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.
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