420,482 Shares in iShares U.S. Infrastructure ETF (BATS:IFRA) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. purchased a new position in shares of iShares U.S. Infrastructure ETF (BATS:IFRA) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 420,482 shares of the company’s stock, valued at approximately $19,464,000. Raymond James Financial Inc. owned about 0.77% of iShares U.S. Infrastructure ETF as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB purchased a new position in iShares U.S. Infrastructure ETF during the 3rd quarter worth approximately $27,000. Continuum Advisory LLC grew its stake in iShares U.S. Infrastructure ETF by 41.8% during the 3rd quarter. Continuum Advisory LLC now owns 1,221 shares of the company’s stock worth $60,000 after buying an additional 360 shares during the last quarter. Golden State Wealth Management LLC purchased a new position in iShares U.S. Infrastructure ETF during the 4th quarter worth approximately $105,000. Cedar Wealth Management LLC grew its stake in iShares U.S. Infrastructure ETF by 8.3% during the 3rd quarter. Cedar Wealth Management LLC now owns 2,600 shares of the company’s stock worth $122,000 after buying an additional 200 shares during the last quarter. Finally, MCF Advisors LLC purchased a new position in iShares U.S. Infrastructure ETF during the 4th quarter worth approximately $140,000.

iShares U.S. Infrastructure ETF Stock Down 1.8 %

BATS:IFRA opened at $45.92 on Monday. The stock’s 50-day moving average price is $46.88 and its 200 day moving average price is $47.39. The stock has a market cap of $2.36 billion, a P/E ratio of 19.01 and a beta of 1.05.

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.