The Manufacturers Life Insurance Company increased its holdings in shares of iShares U.S. Infrastructure ETF (BATS:IFRA – Free Report) by 262.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 76,720 shares of the company’s stock after buying an additional 55,580 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in iShares U.S. Infrastructure ETF were worth $4,836,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. Hsbc Holdings PLC raised its stake in iShares U.S. Infrastructure ETF by 7.9% during the fourth quarter. Hsbc Holdings PLC now owns 753,905 shares of the company’s stock worth $39,670,000 after acquiring an additional 54,996 shares in the last quarter. Hoge Financial Services LLC boosted its stake in shares of iShares U.S. Infrastructure ETF by 22.7% in the 1st quarter. Hoge Financial Services LLC now owns 65,877 shares of the company’s stock valued at $3,768,000 after purchasing an additional 12,203 shares in the last quarter. Banque Cantonale Vaudoise acquired a new stake in shares of iShares U.S. Infrastructure ETF in the 1st quarter valued at approximately $1,139,000. Evolution Wealth Management Inc. grew its holdings in shares of iShares U.S. Infrastructure ETF by 111.4% during the 1st quarter. Evolution Wealth Management Inc. now owns 15,573 shares of the company’s stock valued at $891,000 after purchasing an additional 8,207 shares during the last quarter. Finally, Sumitomo Life Insurance Co. grew its holdings in shares of iShares U.S. Infrastructure ETF by 161.6% during the 4th quarter. Sumitomo Life Insurance Co. now owns 196,700 shares of the company’s stock valued at $10,350,000 after purchasing an additional 121,500 shares during the last quarter.
iShares U.S. Infrastructure ETF Price Performance
IFRA stock opened at $58.38 on Monday. The stock has a market cap of $3.14 billion, a price-to-earnings ratio of 19.30 and a beta of 0.98. The company has a 50 day simple moving average of $60.68 and a 200 day simple moving average of $60.35. iShares U.S. Infrastructure ETF has a 1 year low of $50.66 and a 1 year high of $64.25.
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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