PNC Financial Services Group Inc. raised its position in shares of iShares U.S. Infrastructure ETF (BATS:IFRA – Free Report) by 5.6% in the first quarter, Holdings Channel.com reports. The fund owned 391,663 shares of the company’s stock after buying an additional 20,822 shares during the quarter. PNC Financial Services Group Inc.’s holdings in iShares U.S. Infrastructure ETF were worth $22,403,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of America Corp DE raised its holdings in shares of iShares U.S. Infrastructure ETF by 2.2% in the 3rd quarter. Bank of America Corp DE now owns 10,015,425 shares of the company’s stock worth $529,015,000 after purchasing an additional 217,548 shares during the period. LPL Financial LLC lifted its stake in shares of iShares U.S. Infrastructure ETF by 8.0% in the 4th quarter. LPL Financial LLC now owns 1,149,312 shares of the company’s stock valued at $60,477,000 after purchasing an additional 85,038 shares in the last quarter. Mariner LLC grew its holdings in shares of iShares U.S. Infrastructure ETF by 5.6% during the 4th quarter. Mariner LLC now owns 1,025,850 shares of the company’s stock worth $53,980,000 after purchasing an additional 54,428 shares during the period. Hsbc Holdings PLC grew its holdings in shares of iShares U.S. Infrastructure ETF by 0.6% during the 1st quarter. Hsbc Holdings PLC now owns 758,522 shares of the company’s stock worth $43,387,000 after purchasing an additional 4,617 shares during the period. Finally, Cetera Investment Advisers increased its position in iShares U.S. Infrastructure ETF by 33.7% during the 4th quarter. Cetera Investment Advisers now owns 705,162 shares of the company’s stock worth $37,106,000 after purchasing an additional 177,590 shares in the last quarter.
iShares U.S. Infrastructure ETF Stock Performance
BATS IFRA opened at $62.69 on Friday. iShares U.S. Infrastructure ETF has a one year low of $49.49 and a one year high of $64.25. The company’s 50 day moving average price is $61.68 and its 200 day moving average price is $59.60. The firm has a market capitalization of $3.37 billion, a price-to-earnings 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.
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