Concurrent Investment Advisors LLC boosted its holdings in iShares U.S. Infrastructure ETF (BATS:IFRA – Free Report) by 1.5% in the third quarter, HoldingsChannel reports. The firm owned 14,244 shares of the company’s stock after purchasing an additional 217 shares during the period. Concurrent Investment Advisors LLC’s holdings in iShares U.S. Infrastructure ETF were worth $669,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently bought and sold shares of IFRA. Zions Bancorporation N.A. acquired a new position in iShares U.S. Infrastructure ETF during the 2nd quarter worth $33,000. ORG Partners LLC bought a new stake in iShares U.S. Infrastructure ETF in the second quarter valued at about $36,000. Deane Retirement Strategies Inc. acquired a new stake in iShares U.S. Infrastructure ETF during the second quarter valued at approximately $52,000. LGT Financial Advisors LLC lifted its holdings in iShares U.S. Infrastructure ETF by 36.6% during the 2nd quarter. LGT Financial Advisors LLC now owns 1,302 shares of the company’s stock worth $55,000 after buying an additional 349 shares during the last quarter. Finally, Gilliland Jeter Wealth Management LLC grew its position in shares of iShares U.S. Infrastructure ETF by 38.1% in the 3rd quarter. Gilliland Jeter Wealth Management LLC now owns 1,483 shares of the company’s stock worth $70,000 after acquiring an additional 409 shares in the last quarter.
iShares U.S. Infrastructure ETF Stock Up 0.6 %
Shares of BATS IFRA opened at $50.06 on Friday. The firm has a fifty day moving average price of $46.72 and a 200 day moving average price of $44.72. The company has a market cap of $2.75 billion, a P/E ratio of 16.71 and a beta of 0.89.
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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