Principal Financial Group Inc. increased its holdings in shares of iShares U.S. Infrastructure ETF (BATS:IFRA – Free Report) by 31.2% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 120,375 shares of the company’s stock after purchasing an additional 28,600 shares during the quarter. Principal Financial Group Inc. owned 0.22% of iShares U.S. Infrastructure ETF worth $5,654,000 as of its most recent filing with the SEC.
Other hedge funds have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new stake in shares of iShares U.S. Infrastructure ETF during the third quarter worth $27,000. Zions Bancorporation N.A. acquired a new stake in shares of iShares U.S. Infrastructure ETF in the 2nd quarter valued at about $33,000. LGT Financial Advisors LLC lifted its holdings in shares of 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 purchasing an additional 349 shares in the last quarter. Continuum Advisory LLC boosted its position in shares of iShares U.S. Infrastructure ETF by 41.8% during the third 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 period. Finally, International Assets Investment Management LLC acquired a new position in shares of iShares U.S. Infrastructure ETF during the second quarter worth about $65,000.
iShares U.S. Infrastructure ETF Stock Performance
Shares of iShares U.S. Infrastructure ETF stock opened at $46.29 on Thursday. The firm has a market cap of $2.54 billion, a price-to-earnings ratio of 16.71 and a beta of 0.89. The company has a 50-day moving average price of $48.80 and a 200 day moving average price of $46.22.
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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