Strategic Financial Concepts LLC Invests $2.22 Million in iShares U.S. Infrastructure ETF (BATS:IFRA)

Strategic Financial Concepts LLC purchased a new stake in iShares U.S. Infrastructure ETF (BATS:IFRA) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 47,946 shares of the company’s stock, valued at approximately $2,219,000. Strategic Financial Concepts LLC owned 0.09% of iShares U.S. Infrastructure ETF as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its holdings in shares of iShares U.S. Infrastructure ETF by 2.4% in the third quarter. JPMorgan Chase & Co. now owns 1,521,971 shares of the company’s stock worth $71,487,000 after buying an additional 36,234 shares during the period. Stratos Wealth Partners LTD. grew its position in iShares U.S. Infrastructure ETF by 79.9% during the 4th quarter. Stratos Wealth Partners LTD. now owns 12,121 shares of the company’s stock worth $561,000 after purchasing an additional 5,385 shares in the last quarter. Benjamin Edwards Inc. acquired a new stake in iShares U.S. Infrastructure ETF during the 3rd quarter valued at $400,000. Jane Street Group LLC acquired a new stake in iShares U.S. Infrastructure ETF during the 3rd quarter valued at $224,000. Finally, Principal Financial Group Inc. lifted its holdings in shares of iShares U.S. Infrastructure ETF by 31.2% in the third quarter. Principal Financial Group Inc. now owns 120,375 shares of the company’s stock valued at $5,654,000 after purchasing an additional 28,600 shares in the last quarter.

iShares U.S. Infrastructure ETF Stock Up 1.6 %

Shares of IFRA stock opened at $47.54 on Tuesday. The stock has a market capitalization of $2.61 billion, a P/E ratio of 16.71 and a beta of 0.89. The company’s fifty day simple moving average is $47.31 and its two-hundred day simple moving average is $47.15.

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.