Stonebrook Private Inc. acquired a new stake in shares of iShares U.S. Infrastructure ETF (BATS:IFRA – Free Report) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 45,629 shares of the company’s stock, valued at approximately $1,837,000.
Several other hedge funds have also bought and sold shares of IFRA. Envestnet Portfolio Solutions Inc. bought a new stake in iShares U.S. Infrastructure ETF during the 3rd quarter valued at $33,812,000. Wharton Business Group LLC raised its holdings in iShares U.S. Infrastructure ETF by 196.1% during the 3rd quarter. Wharton Business Group LLC now owns 1,068,950 shares of the company’s stock valued at $39,113,000 after buying an additional 707,935 shares during the last quarter. Hsbc Holdings PLC bought a new stake in iShares U.S. Infrastructure ETF during the 3rd quarter valued at $18,350,000. Scarborough Advisors LLC raised its holdings in iShares U.S. Infrastructure ETF by 365.5% during the 3rd quarter. Scarborough Advisors LLC now owns 388,282 shares of the company’s stock valued at $14,207,000 after buying an additional 304,873 shares during the last quarter. Finally, Financial Gravity Asset Management Inc. raised its holdings in iShares U.S. Infrastructure ETF by 972.4% during the 3rd quarter. Financial Gravity Asset Management Inc. now owns 259,757 shares of the company’s stock valued at $9,505,000 after buying an additional 235,534 shares during the last quarter.
iShares U.S. Infrastructure ETF Stock Up 0.4 %
BATS:IFRA traded up $0.17 during midday trading on Friday, reaching $42.53. 315,115 shares of the stock traded hands. The business has a 50 day moving average of $41.79 and a two-hundred day moving average of $39.36. The firm has a market capitalization of $2.32 billion, a PE ratio of 15.97 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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Want to see what other hedge funds are holding IFRA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares U.S. Infrastructure ETF (BATS:IFRA – Free Report).
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