iShares U.S. Infrastructure ETF (BATS:IFRA) Shares Purchased by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. increased its holdings in shares of iShares U.S. Infrastructure ETF (BATS:IFRA) by 18.7% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 347,000 shares of the company’s stock after purchasing an additional 54,673 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in iShares U.S. Infrastructure ETF were worth $14,616,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in IFRA. NewEdge Advisors LLC boosted its holdings in shares of iShares U.S. Infrastructure ETF by 35.1% in the 2nd quarter. NewEdge Advisors LLC now owns 234,994 shares of the company’s stock valued at $9,898,000 after purchasing an additional 61,008 shares during the last quarter. Creative Planning raised its position in shares of iShares U.S. Infrastructure ETF by 21.2% in the 2nd quarter. Creative Planning now owns 375,368 shares of the company’s stock worth $15,810,000 after buying an additional 65,544 shares during the period. Ascent Group LLC boosted its holdings in iShares U.S. Infrastructure ETF by 23.0% in the second quarter. Ascent Group LLC now owns 32,440 shares of the company’s stock valued at $1,366,000 after acquiring an additional 6,062 shares during the last quarter. Semmax Financial Advisors Inc. grew its position in iShares U.S. Infrastructure ETF by 17.7% during the second quarter. Semmax Financial Advisors Inc. now owns 2,289 shares of the company’s stock valued at $100,000 after acquiring an additional 344 shares during the period. Finally, Evergreen Capital Management LLC increased its stake in iShares U.S. Infrastructure ETF by 5.8% during the second quarter. Evergreen Capital Management LLC now owns 295,433 shares of the company’s stock worth $12,444,000 after acquiring an additional 16,173 shares during the last quarter.

iShares U.S. Infrastructure ETF Stock Performance

iShares U.S. Infrastructure ETF stock opened at $46.97 on Wednesday. The stock has a market cap of $2.58 billion, a P/E ratio of 16.71 and a beta of 0.89. The stock has a 50 day moving average price of $45.08 and a 200-day moving average price of $43.68.

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.