Ridgeline Wealth LLC bought a new position in shares of iShares U.S. Infrastructure ETF (BATS:IFRA – Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,216 shares of the company’s stock, valued at approximately $288,000.
Several other institutional investors also recently bought and sold shares of the stock. Wharton Business Group LLC grew its position in shares of iShares U.S. Infrastructure ETF by 37.5% during the third quarter. Wharton Business Group LLC now owns 1,501,800 shares of the company’s stock valued at $70,540,000 after purchasing an additional 409,880 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in iShares U.S. Infrastructure ETF during the 2nd quarter valued at approximately $12,791,000. Kestra Investment Management LLC purchased a new position in iShares U.S. Infrastructure ETF during the 2nd quarter valued at approximately $11,516,000. LPL Financial LLC increased its stake in iShares U.S. Infrastructure ETF by 11.8% in the 3rd quarter. LPL Financial LLC now owns 2,166,783 shares of the company’s stock worth $101,774,000 after acquiring an additional 227,962 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in shares of iShares U.S. Infrastructure ETF by 3.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 6,913,506 shares of the company’s stock worth $291,197,000 after acquiring an additional 209,698 shares in the last quarter.
iShares U.S. Infrastructure ETF Stock Up 0.9 %
Shares of BATS IFRA traded up $0.40 during midday trading on Monday, reaching $46.62. 194,981 shares of the stock traded hands. The stock has a 50 day moving average of $48.77 and a 200 day moving average of $46.30. The company has a market capitalization of $2.56 billion, a PE ratio of 16.71 and a beta of 0.89.
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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