Centricity Wealth Management LLC Grows Holdings in iShares U.S. Infrastructure ETF (BATS:IFRA)

Centricity Wealth Management LLC lifted its stake in shares of iShares U.S. Infrastructure ETF (BATS:IFRA) by 309.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 909 shares of the company’s stock after buying an additional 687 shares during the quarter. Centricity Wealth Management LLC’s holdings in iShares U.S. Infrastructure ETF were worth $41,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in IFRA. Bank of America Corp DE lifted its holdings in iShares U.S. Infrastructure ETF by 86.2% during the 4th quarter. Bank of America Corp DE now owns 10,016,976 shares of the company’s stock worth $463,686,000 after buying an additional 4,636,315 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of iShares U.S. Infrastructure ETF by 2.8% in the 4th quarter. Envestnet Asset Management Inc. now owns 7,430,047 shares of the company’s stock valued at $343,937,000 after acquiring an additional 205,081 shares during the last quarter. LPL Financial LLC raised its position in shares of iShares U.S. Infrastructure ETF by 30.9% during the 4th quarter. LPL Financial LLC now owns 2,836,196 shares of the company’s stock valued at $131,287,000 after acquiring an additional 669,413 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in iShares U.S. Infrastructure ETF by 5.3% during the fourth quarter. JPMorgan Chase & Co. now owns 1,602,381 shares of the company’s stock worth $74,174,000 after purchasing an additional 80,410 shares during the last quarter. Finally, Wharton Business Group LLC boosted its holdings in iShares U.S. Infrastructure ETF by 3.8% in the fourth quarter. Wharton Business Group LLC now owns 1,559,400 shares of the company’s stock worth $72,185,000 after purchasing an additional 57,600 shares during the period.

iShares U.S. Infrastructure ETF Stock Performance

Shares of BATS:IFRA opened at $48.61 on Monday. The company’s fifty day moving average is $45.76 and its two-hundred day moving average is $46.83. iShares U.S. Infrastructure ETF has a 1-year low of $39.94 and a 1-year high of $51.99. The stock has a market capitalization of $2.46 billion, a price-to-earnings ratio of 19.68 and a beta of 0.99.

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.