Panoramic Investment Advisors LLC Boosts Stake in iShares U.S. Infrastructure ETF (BATS:IFRA)

Panoramic Investment Advisors LLC grew its stake in shares of iShares U.S. Infrastructure ETF (BATS:IFRA) by 27.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 14,279 shares of the company’s stock after acquiring an additional 3,065 shares during the quarter. Panoramic Investment Advisors LLC’s holdings in iShares U.S. Infrastructure ETF were worth $661,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of iShares U.S. Infrastructure ETF during the third quarter valued at $27,000. Continuum Advisory LLC boosted its stake in shares of iShares U.S. Infrastructure ETF by 41.8% during the 3rd quarter. Continuum Advisory LLC now owns 1,221 shares of the company’s stock worth $60,000 after purchasing an additional 360 shares during the last quarter. Gilliland Jeter Wealth Management LLC boosted its stake in shares of iShares U.S. Infrastructure ETF by 38.1% during the 3rd quarter. Gilliland Jeter Wealth Management LLC now owns 1,483 shares of the company’s stock worth $70,000 after purchasing an additional 409 shares during the last quarter. Financial Advocates Investment Management acquired a new position in shares of iShares U.S. Infrastructure ETF in the third quarter valued at approximately $102,000. Finally, Cedar Wealth Management LLC raised its position in shares of iShares U.S. Infrastructure ETF by 8.3% in the third quarter. Cedar Wealth Management LLC now owns 2,600 shares of the company’s stock valued at $122,000 after buying an additional 200 shares during the last quarter.

iShares U.S. Infrastructure ETF Price Performance

IFRA stock opened at $47.43 on Monday. The stock has a 50 day moving average price of $48.08 and a 200 day moving average price of $46.98. The stock has a market cap of $2.61 billion, a PE ratio of 16.71 and a beta of 0.89.

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.