Golden State Wealth Management LLC Makes New $105,000 Investment in iShares U.S. Infrastructure ETF (BATS:IFRA)

Golden State Wealth Management LLC acquired a new position in shares of iShares U.S. Infrastructure ETF (BATS:IFRA) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 2,267 shares of the company’s stock, valued at approximately $105,000.

Other institutional investors have also recently made changes to their positions in the company. Strategic Financial Concepts LLC purchased a new stake in iShares U.S. Infrastructure ETF in the 4th quarter worth $2,219,000. Robertson Stephens Wealth Management LLC lifted its position in iShares U.S. Infrastructure ETF by 16.5% in the fourth quarter. Robertson Stephens Wealth Management LLC now owns 11,353 shares of the company’s stock valued at $526,000 after buying an additional 1,611 shares during the last quarter. Moneywise Inc. boosted its position in shares of iShares U.S. Infrastructure ETF by 21.7% during the fourth quarter. Moneywise Inc. now owns 39,392 shares of the company’s stock worth $1,823,000 after buying an additional 7,028 shares during the period. Stratos Wealth Advisors LLC grew its position in iShares U.S. Infrastructure ETF by 40.6% in the 4th quarter. Stratos Wealth Advisors LLC now owns 37,115 shares of the company’s stock valued at $1,718,000 after acquiring an additional 10,712 shares in the last quarter. Finally, Stratos Wealth Partners LTD. increased its stake 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 buying an additional 5,385 shares during the period.

iShares U.S. Infrastructure ETF Trading Up 1.1 %

Shares of BATS:IFRA opened at $47.28 on Monday. The company has a fifty day moving average price of $47.67 and a 200 day moving average price of $47.06. The firm has a market capitalization of $2.60 billion, a PE ratio of 16.71 and a beta of 0.89.

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.