IFP Advisors Inc Purchases 4,877 Shares of iShares U.S. Infrastructure ETF (BATS:IFRA)

IFP Advisors Inc lifted its position in shares of iShares U.S. Infrastructure ETF (BATS:IFRA) by 18.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 31,767 shares of the company’s stock after purchasing an additional 4,877 shares during the quarter. IFP Advisors Inc’s holdings in iShares U.S. Infrastructure ETF were worth $1,470,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of IFRA. Wilmington Savings Fund Society FSB acquired a new stake in iShares U.S. Infrastructure ETF during the 3rd quarter worth about $27,000. Continuum Advisory LLC boosted its position in shares of iShares U.S. Infrastructure ETF by 41.8% during the 3rd quarter. Continuum Advisory LLC now owns 1,221 shares of the company’s stock valued at $60,000 after purchasing an additional 360 shares in the last quarter. Financial Advocates Investment Management acquired a new stake in iShares U.S. Infrastructure ETF during the third quarter worth approximately $102,000. Golden State Wealth Management LLC bought a new stake in iShares U.S. Infrastructure ETF in the fourth quarter worth approximately $105,000. Finally, Cedar Wealth Management LLC increased its holdings in iShares U.S. Infrastructure ETF by 8.3% in the third quarter. Cedar Wealth Management LLC now owns 2,600 shares of the company’s stock worth $122,000 after purchasing an additional 200 shares in the last quarter.

iShares U.S. Infrastructure ETF Price Performance

iShares U.S. Infrastructure ETF stock opened at $46.93 on Thursday. The company has a market cap of $2.58 billion, a PE ratio of 16.71 and a beta of 0.89. The stock’s 50-day simple moving average is $47.10 and its 200 day simple moving average is $47.29.

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.