Royal Bank of Canada reduced its position in iShares U.S. Infrastructure ETF (BATS:IFRA – Free Report) by 25.0% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 104,202 shares of the company’s stock after selling 34,645 shares during the period. Royal Bank of Canada owned 0.19% of iShares U.S. Infrastructure ETF worth $5,960,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. AQR Capital Management LLC boosted its holdings in iShares U.S. Infrastructure ETF by 76.3% in the 1st quarter. AQR Capital Management LLC now owns 10,566 shares of the company’s stock worth $476,000 after buying an additional 4,574 shares during the period. Focus Partners Wealth grew its position in shares of iShares U.S. Infrastructure ETF by 107.3% in the first quarter. Focus Partners Wealth now owns 17,850 shares of the company’s stock valued at $805,000 after purchasing an additional 9,240 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of iShares U.S. Infrastructure ETF by 493.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 896 shares of the company’s stock valued at $44,000 after purchasing an additional 745 shares during the period. Qube Research & Technologies Ltd lifted its holdings in iShares U.S. Infrastructure ETF by 129.9% during the 2nd quarter. Qube Research & Technologies Ltd now owns 22,336 shares of the company’s stock worth $1,099,000 after purchasing an additional 12,620 shares in the last quarter. Finally, The Manufacturers Life Insurance Company bought a new position in iShares U.S. Infrastructure ETF in the 2nd quarter worth about $384,000.
iShares U.S. Infrastructure ETF Stock Up 0.7%
IFRA stock opened at $61.21 on Wednesday. The stock has a 50-day simple moving average of $61.73 and a two-hundred day simple moving average of $60.11. iShares U.S. Infrastructure ETF has a twelve month low of $50.66 and a twelve month high of $64.25. The firm has a market capitalization of $3.29 billion, a PE 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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