Synergy Investment Management LLC bought a new stake in shares of iShares U.S. Infrastructure ETF (BATS:IFRA – Free Report) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 4,883 shares of the company’s stock, valued at approximately $226,000.
Several other large investors also recently modified their holdings of the stock. Wharton Business Group LLC lifted its position in iShares U.S. Infrastructure ETF by 37.5% during the third quarter. Wharton Business Group LLC now owns 1,501,800 shares of the company’s stock worth $70,540,000 after purchasing an additional 409,880 shares during the period. LPL Financial LLC raised its position in iShares U.S. Infrastructure ETF by 11.8% during the third quarter. LPL Financial LLC now owns 2,166,783 shares of the company’s stock valued at $101,774,000 after purchasing an additional 227,962 shares in the last quarter. Scarborough Advisors LLC lifted its stake in iShares U.S. Infrastructure ETF by 100.5% during the fourth quarter. Scarborough Advisors LLC now owns 109,457 shares of the company’s stock worth $5,067,000 after purchasing an additional 54,853 shares during the last quarter. Merit Financial Group LLC boosted its holdings in shares of iShares U.S. Infrastructure ETF by 198.3% in the 4th quarter. Merit Financial Group LLC now owns 75,659 shares of the company’s stock valued at $3,502,000 after purchasing an additional 50,296 shares in the last quarter. Finally, Strategic Financial Concepts LLC bought a new position in shares of iShares U.S. Infrastructure ETF in the 4th quarter valued at $2,219,000.
iShares U.S. Infrastructure ETF Trading Down 1.6 %
Shares of IFRA stock opened at $46.03 on Tuesday. The stock’s fifty day simple moving average is $47.11 and its two-hundred day simple moving average is $47.36. The company has a market cap of $2.53 billion, a P/E 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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