Golden State Wealth Management LLC acquired a new stake in iShares U.S. Infrastructure ETF (BATS:IFRA – Free Report) during the 4th quarter, HoldingsChannel reports. The firm acquired 2,267 shares of the company’s stock, valued at approximately $105,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB acquired a new position in iShares U.S. Infrastructure ETF in the 3rd quarter valued at approximately $27,000. Continuum Advisory LLC boosted its stake in iShares U.S. Infrastructure ETF by 41.8% in the third quarter. Continuum Advisory LLC now owns 1,221 shares of the company’s stock worth $60,000 after purchasing an additional 360 shares in the last quarter. Gilliland Jeter Wealth Management LLC grew its holdings in 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 acquiring an additional 409 shares during the last quarter. Financial Advocates Investment Management acquired a new stake in shares of iShares U.S. Infrastructure ETF in the third quarter valued at approximately $102,000. Finally, Cedar Wealth Management LLC increased its stake in shares of iShares U.S. Infrastructure ETF by 8.3% in the 3rd 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 period.
iShares U.S. Infrastructure ETF Trading Up 1.1 %
Shares of IFRA stock opened at $47.28 on Monday. The firm has a 50-day simple moving average of $47.67 and a 200 day simple moving average of $47.06. The company has a market capitalization of $2.60 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.
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