Foundations Investment Advisors LLC Purchases 5,933 Shares of iShares U.S. Infrastructure ETF (BATS:IFRA)

Foundations Investment Advisors LLC grew its position in iShares U.S. Infrastructure ETF (BATS:IFRA) by 3.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 174,559 shares of the company’s stock after acquiring an additional 5,933 shares during the quarter. Foundations Investment Advisors LLC’s holdings in iShares U.S. Infrastructure ETF were worth $8,080,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of IFRA. Renaissance Technologies LLC bought a new stake in shares of iShares U.S. Infrastructure ETF in the 2nd quarter worth approximately $977,000. Ascent Group LLC lifted its position in shares of iShares U.S. Infrastructure ETF by 23.0% in the 2nd quarter. Ascent Group LLC now owns 32,440 shares of the company’s stock worth $1,366,000 after acquiring an additional 6,062 shares during the period. Creative Planning lifted 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 acquiring an additional 65,544 shares during the period. NewEdge Advisors LLC lifted its position in shares of iShares U.S. Infrastructure ETF by 35.1% during the 2nd quarter. NewEdge Advisors LLC now owns 234,994 shares of the company’s stock worth $9,898,000 after buying an additional 61,008 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of iShares U.S. Infrastructure ETF by 18.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 347,000 shares of the company’s stock worth $14,616,000 after buying an additional 54,673 shares during the period.

iShares U.S. Infrastructure ETF Price Performance

iShares U.S. Infrastructure ETF stock opened at $47.71 on Monday. The company has a market cap of $2.62 billion, a P/E ratio of 16.71 and a beta of 0.89. The stock’s 50 day moving average is $48.37 and its 200 day moving average is $46.86.

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.