BG Investment Services Inc. Invests $4.12 Million in iShares U.S. Infrastructure ETF (BATS:IFRA)

BG Investment Services Inc. acquired a new position in iShares U.S. Infrastructure ETF (BATS:IFRA) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 88,895 shares of the company’s stock, valued at approximately $4,115,000. iShares U.S. Infrastructure ETF makes up 4.1% of BG Investment Services Inc.’s investment portfolio, making the stock its 7th largest position. BG Investment Services Inc. owned 0.16% of iShares U.S. Infrastructure ETF at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Gries Financial LLC lifted its holdings in 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 valued at $1,849,000 after purchasing an additional 207 shares in the last quarter. Axxcess Wealth Management LLC lifted its stake in shares of iShares U.S. Infrastructure ETF by 3.9% during the 4th quarter. Axxcess Wealth Management LLC now owns 5,870 shares of the company’s stock valued at $272,000 after buying an additional 222 shares in the last quarter. Spectrum Planning & Advisory Services Inc. boosted its holdings in 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 buying an additional 234 shares during the period. W Advisors LLC increased its stake in iShares U.S. Infrastructure ETF by 3.6% in the 4th quarter. W Advisors LLC now owns 7,066 shares of the company’s stock worth $327,000 after buying an additional 247 shares in the last quarter. Finally, Tsfg LLC raised its holdings in iShares U.S. Infrastructure ETF by 1.0% during the fourth 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 period.

iShares U.S. Infrastructure ETF Stock Down 2.0 %

BATS IFRA opened at $45.83 on Wednesday. iShares U.S. Infrastructure ETF has a twelve month low of $40.93 and a twelve month high of $51.99. The business has a 50-day moving average price of $46.87 and a 200-day moving average price of $47.45. The firm has a market cap of $2.21 billion, a price-to-earnings ratio of 19.03 and a beta of 1.05.

iShares U.S. Infrastructure ETF 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.