Graypoint LLC Acquires New Shares in iShares U.S. Infrastructure ETF (BATS:IFRA)

Graypoint LLC acquired a new stake in iShares U.S. Infrastructure ETF (BATS:IFRA) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 21,170 shares of the company’s stock, valued at approximately $980,000.

Several other large investors have also bought and sold shares of IFRA. Wharton Business Group LLC boosted its stake 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 acquired a new stake in shares of iShares U.S. Infrastructure ETF during the second quarter valued at about $12,791,000. Kestra Investment Management LLC acquired a new stake in shares of iShares U.S. Infrastructure ETF during the second quarter valued at about $11,516,000. LPL Financial LLC boosted its stake in shares of iShares U.S. Infrastructure ETF by 11.8% during the third quarter. LPL Financial LLC now owns 2,166,783 shares of the company’s stock valued at $101,774,000 after purchasing an additional 227,962 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in shares of iShares U.S. Infrastructure ETF by 3.1% during the second quarter. Envestnet Asset Management Inc. now owns 6,913,506 shares of the company’s stock valued at $291,197,000 after purchasing an additional 209,698 shares in the last quarter.

iShares U.S. Infrastructure ETF Stock Down 1.3 %

Shares of IFRA stock opened at $45.32 on Friday. The company’s 50 day moving average price is $48.69 and its 200-day moving average price is $46.36. The firm has a market capitalization of $2.49 billion, a price-to-earnings 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.