Copia Wealth Management Has $1.17 Million Position in iShares U.S. Infrastructure ETF (BATS:IFRA)

Copia Wealth Management boosted its position in iShares U.S. Infrastructure ETF (BATS:IFRA) by 6.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,854 shares of the company’s stock after purchasing an additional 1,527 shares during the period. iShares U.S. Infrastructure ETF accounts for about 1.1% of Copia Wealth Management’s portfolio, making the stock its 24th biggest holding. Copia Wealth Management owned about 0.05% of iShares U.S. Infrastructure ETF worth $1,165,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Bank of America Corp DE grew its position in shares of iShares U.S. Infrastructure ETF by 86.2% in the 4th quarter. Bank of America Corp DE now owns 10,016,976 shares of the company’s stock valued at $463,686,000 after buying an additional 4,636,315 shares during the last quarter. LPL Financial LLC grew its position in shares of iShares U.S. Infrastructure ETF by 30.9% in the 4th quarter. LPL Financial LLC now owns 2,836,196 shares of the company’s stock valued at $131,287,000 after buying an additional 669,413 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of iShares U.S. Infrastructure ETF in the 4th quarter valued at about $19,464,000. Ameriprise Financial Inc. grew its position in shares of iShares U.S. Infrastructure ETF by 32.6% in the 4th quarter. Ameriprise Financial Inc. now owns 857,864 shares of the company’s stock valued at $39,701,000 after buying an additional 211,018 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its position 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 buying an additional 205,081 shares during the last quarter.

iShares U.S. Infrastructure ETF Trading Up 2.9%

BATS IFRA opened at $48.11 on Tuesday. The business’s 50-day moving average price is $46.47 and its two-hundred day moving average price is $46.72. iShares U.S. Infrastructure ETF has a 12 month low of $39.94 and a 12 month high of $51.99. The firm has a market capitalization of $2.49 billion, a PE 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.