Strategy Asset Managers LLC bought a new stake in iShares U.S. Infrastructure ETF (BATS:IFRA – Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 39,821 shares of the company’s stock, valued at approximately $2,191,000. Strategy Asset Managers LLC owned about 0.07% of iShares U.S. Infrastructure ETF at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IFRA. Cetera Investment Advisers grew its position in iShares U.S. Infrastructure ETF by 52.6% during the first quarter. Cetera Investment Advisers now owns 1,076,201 shares of the company’s stock valued at $61,559,000 after acquiring an additional 371,039 shares during the period. Atomic Invest LLC raised its holdings in shares of iShares U.S. Infrastructure ETF by 7,454.6% in the 2nd quarter. Atomic Invest LLC now owns 96,095 shares of the company’s stock worth $6,096,000 after purchasing an additional 94,823 shares during the period. Lane Brothers & Co. Inc. purchased a new position in shares of iShares U.S. Infrastructure ETF in the 4th quarter worth about $3,724,000. The Manufacturers Life Insurance Company raised its holdings in shares of iShares U.S. Infrastructure ETF by 262.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 76,720 shares of the company’s stock worth $4,836,000 after purchasing an additional 55,580 shares during the period. Finally, Hsbc Holdings PLC lifted its stake in shares of iShares U.S. Infrastructure ETF by 7.9% in the 4th quarter. Hsbc Holdings PLC now owns 753,905 shares of the company’s stock valued at $39,670,000 after purchasing an additional 54,996 shares in the last quarter.
iShares U.S. Infrastructure ETF Price Performance
BATS IFRA opened at $56.67 on Thursday. iShares U.S. Infrastructure ETF has a 1-year low of $50.66 and a 1-year high of $64.25. The firm has a market capitalization of $3.05 billion, a P/E ratio of 19.30 and a beta of 0.98. The business’s 50-day simple moving average is $58.33 and its 200-day simple moving average is $60.04.
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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