Cascade Financial Partners LLC Increases Stock Position in iShares U.S. Infrastructure ETF $IFRA

Cascade Financial Partners LLC increased its holdings in iShares U.S. Infrastructure ETF (BATS:IFRA) by 60.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,159 shares of the company’s stock after acquiring an additional 6,069 shares during the quarter. Cascade Financial Partners LLC’s holdings in iShares U.S. Infrastructure ETF were worth $795,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Sumitomo Life Insurance Co. grew its position in iShares U.S. Infrastructure ETF by 1,527.6% during the 1st quarter. Sumitomo Life Insurance Co. now owns 123,700 shares of the company’s stock worth $5,575,000 after purchasing an additional 116,100 shares during the last quarter. Kingsview Wealth Management LLC acquired a new stake in shares of iShares U.S. Infrastructure ETF during the first quarter worth about $200,000. J.W. Cole Advisors Inc. grew its holdings in shares of iShares U.S. Infrastructure ETF by 57.7% during the first quarter. J.W. Cole Advisors Inc. now owns 44,655 shares of the company’s stock worth $2,013,000 after buying an additional 16,344 shares during the last quarter. Hazlett Burt & Watson Inc. increased its position in iShares U.S. Infrastructure ETF by 77.3% in the 1st quarter. Hazlett Burt & Watson Inc. now owns 920 shares of the company’s stock valued at $43,000 after acquiring an additional 401 shares during the period. Finally, Strategic Financial Partners Ltd. raised its stake in iShares U.S. Infrastructure ETF by 116.6% during the 1st quarter. Strategic Financial Partners Ltd. now owns 12,511 shares of the company’s stock valued at $564,000 after acquiring an additional 6,736 shares during the last quarter.

iShares U.S. Infrastructure ETF Trading Up 12.5%

iShares U.S. Infrastructure ETF stock opened at $52.60 on Tuesday. The stock has a 50 day moving average of $52.54 and a two-hundred day moving average of $50.42. iShares U.S. Infrastructure ETF has a twelve month low of $39.94 and a twelve month high of $51.99. The stock has a market capitalization of $2.83 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.