Pallas Capital Advisors LLC Increases Stake in iShares U.S. Infrastructure ETF (BATS:IFRA)

Pallas Capital Advisors LLC boosted its stake in iShares U.S. Infrastructure ETF (BATS:IFRA) by 6.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 14,257 shares of the company’s stock after buying an additional 809 shares during the quarter. Pallas Capital Advisors LLC’s holdings in iShares U.S. Infrastructure ETF were worth $660,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of IFRA. Ehrlich Financial Group grew its stake in shares of iShares U.S. Infrastructure ETF by 9.2% in the fourth quarter. Ehrlich Financial Group now owns 8,339 shares of the company’s stock worth $386,000 after acquiring an additional 702 shares during the last quarter. Cooper Financial Group purchased a new stake in iShares U.S. Infrastructure ETF during the 4th quarter valued at about $204,000. Graypoint LLC bought a new stake in iShares U.S. Infrastructure ETF during the 4th quarter valued at about $980,000. One Wealth Capital Management LLC purchased a new position in iShares U.S. Infrastructure ETF in the fourth quarter worth about $572,000. Finally, Ridgeline Wealth LLC purchased a new stake in shares of iShares U.S. Infrastructure ETF during the fourth quarter valued at approximately $288,000.

iShares U.S. Infrastructure ETF Trading Up 2.2 %

Shares of IFRA opened at $46.77 on Wednesday. The stock has a market cap of $2.57 billion, a P/E ratio of 16.71 and a beta of 0.89. The company’s 50 day simple moving average is $48.65 and its two-hundred day simple moving average is $46.46.

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.