Arrien Investments Inc. Takes Position in iShares U.S. Infrastructure ETF (BATS:IFRA)

Arrien Investments Inc. bought a new stake in shares of iShares U.S. Infrastructure ETF (BATS:IFRA) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 34,445 shares of the company’s stock, valued at approximately $1,650,000. iShares U.S. Infrastructure ETF makes up about 1.2% of Arrien Investments Inc.’s portfolio, making the stock its 15th biggest position.

Several other institutional investors have also recently modified their holdings of the stock. Cedar Wealth Management LLC increased its position in iShares U.S. Infrastructure ETF by 8.3% during the 3rd 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. Gries Financial LLC grew its position in shares of iShares U.S. Infrastructure ETF by 0.5% during the fourth quarter. Gries Financial LLC now owns 39,950 shares of the company’s stock worth $1,849,000 after buying an additional 207 shares in the last quarter. Spectrum Planning & Advisory Services Inc. increased its position in shares of iShares U.S. Infrastructure ETF by 1.5% in the 4th quarter. Spectrum Planning & Advisory Services Inc. now owns 15,409 shares of the company’s stock worth $713,000 after purchasing an additional 234 shares during the last quarter. W Advisors LLC increased its holdings in iShares U.S. Infrastructure ETF by 3.6% in the fourth quarter. W Advisors LLC now owns 7,066 shares of the company’s stock valued at $327,000 after buying an additional 247 shares during the last quarter. Finally, Tsfg LLC increased its holdings in shares of iShares U.S. Infrastructure ETF by 1.0% in the 4th quarter. Tsfg LLC now owns 27,573 shares of the company’s stock valued at $1,276,000 after acquiring an additional 267 shares during the last quarter.

iShares U.S. Infrastructure ETF Trading Down 1.8 %

IFRA opened at $45.92 on Monday. The firm has a market capitalization of $2.36 billion, a price-to-earnings ratio of 19.01 and a beta of 1.05. The stock’s fifty day simple moving average is $46.88 and its 200-day simple moving average is $47.39.

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.