MML Investors Services LLC boosted its position in iShares U.S. Infrastructure ETF (BATS:IFRA – Free Report) by 3.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 630,423 shares of the company’s stock after acquiring an additional 23,053 shares during the period. MML Investors Services LLC owned 1.15% of iShares U.S. Infrastructure ETF worth $29,611,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Fifth Third Securities Inc. purchased a new position in iShares U.S. Infrastructure ETF during the 2nd quarter valued at about $1,292,000. Maia Wealth LLC purchased a new stake in iShares U.S. Infrastructure ETF in the second quarter worth $1,677,000. ORG Partners LLC bought a new stake in iShares U.S. Infrastructure ETF in the second quarter valued at $36,000. Tsfg LLC boosted its holdings in iShares U.S. Infrastructure ETF by 4.6% in the second quarter. Tsfg LLC now owns 25,147 shares of the company’s stock valued at $1,059,000 after acquiring an additional 1,108 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its holdings in iShares U.S. Infrastructure ETF by 2.9% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 992,639 shares of the company’s stock worth $41,810,000 after purchasing an additional 28,235 shares in the last quarter.
iShares U.S. Infrastructure ETF Stock Performance
BATS:IFRA opened at $50.27 on Monday. The stock has a 50 day moving average of $48.73 and a 200-day moving average of $45.71. The stock has a market cap of $2.76 billion, a PE ratio of 16.71 and a beta of 0.89.
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.
See Also
- Five stocks we like better than iShares U.S. Infrastructure ETF
- What Are the FAANG Stocks and Are They Good Investments?
- Guidewire Software Provides Long-Awaited Buying Opportunity
- Differences Between Momentum Investing and Long Term Investing
- What’s Behind These 3 Recent Analyst Stock Upgrades?
- How Can Retail Investors Trade the Toronto Stock Exchange (TSX)?
- Fast-Growing Companies That Are Still Undervalued
Receive News & Ratings for iShares U.S. Infrastructure ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares U.S. Infrastructure ETF and related companies with MarketBeat.com's FREE daily email newsletter.
