NewEdge Advisors LLC increased its holdings in iShares U.S. Infrastructure ETF (BATS:IFRA – Free Report) by 35.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 234,994 shares of the company’s stock after purchasing an additional 61,008 shares during the quarter. NewEdge Advisors LLC owned 0.43% of iShares U.S. Infrastructure ETF worth $9,898,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Zions Bancorporation N.A. acquired a new position in iShares U.S. Infrastructure ETF in the 2nd quarter worth about $33,000. ICA Group Wealth Management LLC acquired a new position in iShares U.S. Infrastructure ETF in the 4th quarter worth about $34,000. ORG Partners LLC acquired a new position in iShares U.S. Infrastructure ETF in the 2nd quarter worth about $36,000. Deane Retirement Strategies Inc. acquired a new position in shares of iShares U.S. Infrastructure ETF during the second quarter valued at approximately $52,000. Finally, LGT Financial Advisors LLC raised its holdings in shares of iShares U.S. Infrastructure ETF by 36.6% during the second quarter. LGT Financial Advisors LLC now owns 1,302 shares of the company’s stock valued at $55,000 after acquiring an additional 349 shares during the last quarter.
iShares U.S. Infrastructure ETF Stock Up 0.2 %
Shares of iShares U.S. Infrastructure ETF stock opened at $46.96 on Tuesday. The firm’s 50 day moving average price is $45.08 and its 200 day moving average price is $43.68. The firm has a market capitalization of $2.58 billion, a PE ratio of 16.71 and a beta of 0.89.
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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