Creative Planning boosted its stake in shares of iShares U.S. Infrastructure ETF (BATS:IFRA – Free Report) by 9.8% during the third quarter, HoldingsChannel.com reports. The firm owned 412,110 shares of the company’s stock after acquiring an additional 36,742 shares during the period. Creative Planning’s holdings in iShares U.S. Infrastructure ETF were worth $19,357,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Zions Bancorporation N.A. purchased a new position in iShares U.S. Infrastructure ETF during the second quarter valued at approximately $33,000. ORG Partners LLC bought a new stake in iShares U.S. Infrastructure ETF in the second quarter worth approximately $36,000. Deane Retirement Strategies Inc. bought a new stake in iShares U.S. Infrastructure ETF in the second quarter worth approximately $52,000. LGT Financial Advisors LLC grew its position 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 worth $55,000 after acquiring an additional 349 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new stake in iShares U.S. Infrastructure ETF in the second quarter worth approximately $65,000.
iShares U.S. Infrastructure ETF Price Performance
IFRA stock opened at $47.77 on Tuesday. The company has a market capitalization of $2.62 billion, a P/E ratio of 16.71 and a beta of 0.89. The business has a 50 day simple moving average of $45.87 and a 200 day simple moving average of $44.18.
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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