SWP Financial LLC Invests $1.09 Million in iShares U.S. Infrastructure ETF (BATS:IFRA)

SWP Financial LLC bought a new stake in iShares U.S. Infrastructure ETF (BATS:IFRA) in the fourth quarter, HoldingsChannel reports. The fund bought 23,570 shares of the company’s stock, valued at approximately $1,091,000.

A number of other hedge funds have also recently added to or reduced their stakes in IFRA. LPL Financial LLC raised its holdings in shares of iShares U.S. Infrastructure ETF by 11.8% in the third quarter. LPL Financial LLC now owns 2,166,783 shares of the company’s stock valued at $101,774,000 after buying an additional 227,962 shares during the last quarter. JPMorgan Chase & Co. increased its position in iShares U.S. Infrastructure ETF by 2.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,521,971 shares of the company’s stock valued at $71,487,000 after acquiring an additional 36,234 shares during the period. Wharton Business Group LLC raised its stake in iShares U.S. Infrastructure ETF by 37.5% during the 3rd quarter. Wharton Business Group LLC now owns 1,501,800 shares of the company’s stock valued at $70,540,000 after acquiring an additional 409,880 shares during the last quarter. CWM LLC lifted its position in iShares U.S. Infrastructure ETF by 1.5% during the 3rd quarter. CWM LLC now owns 880,524 shares of the company’s stock worth $41,358,000 after acquiring an additional 13,426 shares during the period. Finally, Park Avenue Securities LLC grew its stake in shares of iShares U.S. Infrastructure ETF by 4.4% in the 4th quarter. Park Avenue Securities LLC now owns 720,366 shares of the company’s stock valued at $33,346,000 after purchasing an additional 30,576 shares during the last quarter.

iShares U.S. Infrastructure ETF Price Performance

iShares U.S. Infrastructure ETF stock opened at $48.43 on Monday. The business’s 50 day moving average is $48.37 and its 200 day moving average is $46.86. The stock has a market capitalization of $2.66 billion, a PE 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.