Gateway Wealth Partners LLC lifted its stake in shares of iShares U.S. Infrastructure ETF (BATS:IFRA – Free Report) by 8.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,625 shares of the company’s stock after buying an additional 604 shares during the quarter. Gateway Wealth Partners LLC’s holdings in iShares U.S. Infrastructure ETF were worth $321,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also made changes to their positions in the stock. Zions Bancorporation N.A. bought a new position in iShares U.S. Infrastructure ETF during the second quarter worth $33,000. ICA Group Wealth Management LLC bought a new position in iShares U.S. Infrastructure ETF during the fourth quarter worth $34,000. ORG Partners LLC bought a new position in iShares U.S. Infrastructure ETF during the second quarter worth $36,000. Deane Retirement Strategies Inc. bought a new position in iShares U.S. Infrastructure ETF during the second quarter worth $52,000. Finally, LGT Financial Advisors LLC lifted its stake in iShares U.S. Infrastructure ETF by 36.6% during the second quarter. LGT Financial Advisors LLC now owns 1,302 shares of the company’s stock worth $55,000 after purchasing an additional 349 shares during the last quarter.
iShares U.S. Infrastructure ETF Price Performance
Shares of IFRA opened at $46.96 on Tuesday. The stock’s 50-day moving average price is $45.08 and its two-hundred day moving average price is $43.68. The company has a market capitalization of $2.58 billion, a PE ratio of 16.71 and a beta of 0.89.
iShares U.S. Infrastructure ETF Company 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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