Private Advisor Group LLC grew its stake in shares of iShares U.S. Infrastructure ETF (BATS:IFRA – Free Report) by 34.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,454 shares of the company’s stock after acquiring an additional 12,428 shares during the period. Private Advisor Group LLC’s holdings in iShares U.S. Infrastructure ETF were worth $2,276,000 at the end of the most recent quarter.
Other hedge funds also recently added to or reduced their stakes in the company. Zions Bancorporation N.A. acquired a new position in iShares U.S. Infrastructure ETF during the 2nd quarter worth $33,000. ORG Partners LLC acquired a new position in iShares U.S. Infrastructure ETF during the 2nd quarter worth $36,000. Deane Retirement Strategies Inc. acquired a new position in iShares U.S. Infrastructure ETF during the 2nd quarter worth $52,000. LGT Financial Advisors LLC boosted its holdings in shares of iShares U.S. Infrastructure ETF by 36.6% in the 2nd quarter. LGT Financial Advisors LLC now owns 1,302 shares of the company’s stock valued at $55,000 after buying an additional 349 shares during the period. Finally, International Assets Investment Management LLC acquired a new position in shares of iShares U.S. Infrastructure ETF in the 2nd quarter valued at about $65,000.
iShares U.S. Infrastructure ETF Price Performance
BATS IFRA opened at $47.08 on Wednesday. The firm has a 50 day simple moving average of $46.24 and a 200-day simple moving average of $44.37. The firm has a market cap of $2.59 billion, a price-to-earnings 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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