Wharton Business Group LLC Boosts Stake in iShares U.S. Infrastructure ETF (BATS:IFRA)

Wharton Business Group LLC increased its stake in iShares U.S. Infrastructure ETF (BATS:IFRA) by 37.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,501,800 shares of the company’s stock after purchasing an additional 409,880 shares during the quarter. iShares U.S. Infrastructure ETF makes up approximately 3.2% of Wharton Business Group LLC’s portfolio, making the stock its 10th biggest holding. Wharton Business Group LLC owned 2.73% of iShares U.S. Infrastructure ETF worth $70,540,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Zions Bancorporation N.A. purchased a new position in iShares U.S. Infrastructure ETF in the 2nd quarter valued at approximately $33,000. ORG Partners LLC purchased a new position in iShares U.S. Infrastructure ETF in the 2nd quarter valued at approximately $36,000. Deane Retirement Strategies Inc. purchased a new position in iShares U.S. Infrastructure ETF in the 2nd quarter valued at approximately $52,000. LGT Financial Advisors LLC grew its stake in iShares U.S. Infrastructure ETF by 36.6% in the 2nd quarter. LGT Financial Advisors LLC now owns 1,302 shares of the company’s stock valued at $55,000 after buying an additional 349 shares in the last quarter. Finally, Gilliland Jeter Wealth Management LLC grew its stake in iShares U.S. Infrastructure ETF by 38.1% in the 3rd quarter. Gilliland Jeter Wealth Management LLC now owns 1,483 shares of the company’s stock valued at $70,000 after buying an additional 409 shares in the last quarter.

iShares U.S. Infrastructure ETF Price Performance

iShares U.S. Infrastructure ETF stock opened at $49.29 on Monday. The stock has a market cap of $2.71 billion, a price-to-earnings ratio of 16.71 and a beta of 0.89. The firm has a fifty day simple moving average of $47.23 and a 200 day simple moving average of $44.99.

About iShares U.S. Infrastructure ETF

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.