Sumitomo Life Insurance Co. Lowers Stock Holdings in iShares U.S. Infrastructure ETF $IFRA

Sumitomo Life Insurance Co. reduced its position in shares of iShares U.S. Infrastructure ETF (BATS:IFRA) by 50.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 61,000 shares of the company’s stock after selling 62,700 shares during the period. Sumitomo Life Insurance Co. owned about 0.11% of iShares U.S. Infrastructure ETF worth $3,001,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of IFRA. Wharton Business Group LLC boosted its position in shares of iShares U.S. Infrastructure ETF by 6.3% during the first quarter. Wharton Business Group LLC now owns 1,656,875 shares of the company’s stock worth $74,675,000 after buying an additional 97,475 shares during the period. Compound Planning Inc. boosted its position in shares of iShares U.S. Infrastructure ETF by 66.9% during the first quarter. Compound Planning Inc. now owns 226,838 shares of the company’s stock worth $10,224,000 after buying an additional 90,935 shares during the period. Simon Quick Advisors LLC purchased a new position in shares of iShares U.S. Infrastructure ETF during the second quarter worth $1,602,000. Alpha Financial Partners LLC purchased a new position in shares of iShares U.S. Infrastructure ETF during the first quarter worth $1,369,000. Finally, Sound Financial Strategies Group LLC purchased a new position in shares of iShares U.S. Infrastructure ETF during the first quarter worth $1,296,000.

iShares U.S. Infrastructure ETF Stock Up 12.6%

IFRA opened at $52.66 on Friday. iShares U.S. Infrastructure ETF has a 52 week low of $39.94 and a 52 week high of $51.99. The business has a fifty day simple moving average of $52.51 and a 200-day simple moving average of $50.03. The firm has a market cap of $2.83 billion, a P/E ratio of 19.30 and a beta of 0.98.

About iShares U.S. Infrastructure ETF

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.