Envestnet Portfolio Solutions Inc. raised its position in shares of iShares U.S. Infrastructure ETF (BATS:IFRA – Free Report) by 2.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,061,486 shares of the company’s stock after acquiring an additional 24,660 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in iShares U.S. Infrastructure ETF were worth $49,136,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in iShares U.S. Infrastructure ETF in the 4th quarter worth about $19,464,000. Wharton Business Group LLC increased its holdings in shares of iShares U.S. Infrastructure ETF by 37.5% during the third quarter. Wharton Business Group LLC now owns 1,501,800 shares of the company’s stock worth $70,540,000 after purchasing an additional 409,880 shares during the period. LPL Financial LLC raised its position 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 in the last quarter. Haven Private LLC bought a new stake in shares of iShares U.S. Infrastructure ETF in the fourth quarter valued at approximately $7,407,000. Finally, Scarborough Advisors LLC grew its position in iShares U.S. Infrastructure ETF by 100.5% during the fourth quarter. Scarborough Advisors LLC now owns 109,457 shares of the company’s stock worth $5,067,000 after buying an additional 54,853 shares in the last quarter.
iShares U.S. Infrastructure ETF Stock Performance
iShares U.S. Infrastructure ETF stock opened at $45.92 on Friday. The company has a market cap of $2.36 billion, a price-to-earnings ratio of 19.01 and a beta of 1.05. The business’s 50 day moving average is $46.88 and its two-hundred day moving average is $47.38.
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.
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