AE Wealth Management LLC boosted its position in shares of iShares U.S. Infrastructure ETF (BATS:IFRA – Free Report) by 5.9% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 172,630 shares of the company’s stock after acquiring an additional 9,544 shares during the quarter. AE Wealth Management LLC owned about 0.36% of iShares U.S. Infrastructure ETF worth $6,443,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. BNP Paribas Arbitrage SA acquired a new stake in shares of iShares U.S. Infrastructure ETF in the first quarter valued at about $28,000. ICA Group Wealth Management LLC purchased a new position in shares of iShares U.S. Infrastructure ETF in the fourth quarter valued at approximately $54,000. Family Asset Management LLC purchased a new position in shares of iShares U.S. Infrastructure ETF in the fourth quarter valued at approximately $62,000. Eagle Bay Advisors LLC lifted its holdings in iShares U.S. Infrastructure ETF by 451.2% in the 4th quarter. Eagle Bay Advisors LLC now owns 2,249 shares of the company’s stock valued at $82,000 after purchasing an additional 1,841 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in shares of iShares U.S. Infrastructure ETF by 26.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,266 shares of the company’s stock valued at $82,000 after buying an additional 481 shares during the last quarter.
iShares U.S. Infrastructure ETF Stock Performance
IFRA stock opened at $38.31 on Thursday. The company has a 50 day simple moving average of $37.32 and a 200-day simple moving average of $37.43. The firm has a market cap of $1.84 billion, a P/E ratio of 12.60 and a beta of 1.03.
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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