Principal Financial Group Inc. boosted its stake in iShares U.S. Infrastructure ETF (BATS:IFRA – Free Report) by 31.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 120,375 shares of the company’s stock after buying an additional 28,600 shares during the quarter. Principal Financial Group Inc. owned approximately 0.22% of iShares U.S. Infrastructure ETF worth $5,654,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of the stock. Zions Bancorporation N.A. bought a new position in iShares U.S. Infrastructure ETF in the 2nd quarter valued at $33,000. ORG Partners LLC purchased a new stake in iShares U.S. Infrastructure ETF during the second quarter worth about $36,000. Deane Retirement Strategies Inc. bought a new stake in iShares U.S. Infrastructure ETF in the second quarter worth about $52,000. LGT Financial Advisors LLC boosted its stake in iShares U.S. Infrastructure ETF by 36.6% in 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. Finally, International Assets Investment Management LLC bought a new position in shares of iShares U.S. Infrastructure ETF during the 2nd quarter valued at approximately $65,000.
iShares U.S. Infrastructure ETF Stock Down 0.1 %
BATS:IFRA opened at $49.93 on Thursday. The stock has a market capitalization of $2.74 billion, a P/E ratio of 16.71 and a beta of 0.89. The stock has a 50-day moving average price of $47.58 and a two-hundred day moving average price of $45.12.
About iShares U.S. Infrastructure ETF
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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