Park Avenue Securities LLC bought a new position in shares of iShares U.S. Infrastructure ETF (BATS:IFRA – Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 19,289 shares of the company’s stock, valued at approximately $1,061,000.
Several other institutional investors also recently modified their holdings of the stock. Patton Albertson Miller Group LLC bought a new stake in iShares U.S. Infrastructure ETF during the 3rd quarter worth approximately $2,729,000. Sigma Planning Corp bought a new position in iShares U.S. Infrastructure ETF in the third quarter valued at approximately $358,000. Valley National Advisers Inc. bought a new position in iShares U.S. Infrastructure ETF in the third quarter valued at approximately $185,000. Citizens Financial Group Inc. RI bought a new position in iShares U.S. Infrastructure ETF in the third quarter valued at approximately $921,000. Finally, Vima LLC boosted its holdings in shares of iShares U.S. Infrastructure ETF by 35.8% in the third quarter. Vima LLC now owns 2,989 shares of the company’s stock valued at $164,000 after buying an additional 788 shares during the period.
iShares U.S. Infrastructure ETF Stock Up 0.6%
Shares of IFRA stock opened at $58.64 on Tuesday. iShares U.S. Infrastructure ETF has a 12-month low of $50.66 and a 12-month high of $64.25. The firm has a fifty day moving average of $57.39 and a 200-day moving average of $59.36. The company has a market capitalization of $3.15 billion, a price-to-earnings ratio of 19.30 and a beta of 0.98.
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.
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