iShares U.S. Infrastructure ETF (BATS:IFRA) Sets New 52-Week High – Should You Buy?

iShares U.S. Infrastructure ETF (BATS:IFRA)’s share price hit a new 52-week high on Thursday . The company traded as high as $60.91 and last traded at $60.89, with a volume of 233211 shares traded. The stock had previously closed at $59.53.

iShares U.S. Infrastructure ETF Stock Performance

The stock’s fifty day moving average price is $58.69 and its two-hundred day moving average price is $55.60. The company has a market cap of $3.29 billion, a P/E ratio of 19.30 and a beta of 0.98.

Hedge Funds Weigh In On iShares U.S. Infrastructure ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. Global Retirement Partners LLC increased its position in iShares U.S. Infrastructure ETF by 3.1% during the 4th quarter. Global Retirement Partners LLC now owns 5,703 shares of the company’s stock worth $300,000 after purchasing an additional 171 shares in the last quarter. Riverbend Wealth Management LLC increased its position in iShares U.S. Infrastructure ETF by 1.6% during the 4th quarter. Riverbend Wealth Management LLC now owns 11,301 shares of the company’s stock worth $595,000 after purchasing an additional 177 shares in the last quarter. Golden State Wealth Management LLC increased its position in iShares U.S. Infrastructure ETF by 12.7% during the 4th quarter. Golden State Wealth Management LLC now owns 1,609 shares of the company’s stock worth $85,000 after purchasing an additional 181 shares in the last quarter. Mascoma Wealth Management LLC increased its position in iShares U.S. Infrastructure ETF by 7.9% during the 4th quarter. Mascoma Wealth Management LLC now owns 2,761 shares of the company’s stock worth $145,000 after purchasing an additional 203 shares in the last quarter. Finally, PFG Advisors increased its position in iShares U.S. Infrastructure ETF by 5.1% during the 3rd quarter. PFG Advisors now owns 4,341 shares of the company’s stock worth $229,000 after purchasing an additional 209 shares in the last quarter.

iShares U.S. Infrastructure ETF Company 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.