SteelPeak Wealth LLC boosted its holdings in iShares U.S. Infrastructure ETF (BATS:IFRA – Free Report) by 6.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 52,861 shares of the company’s stock after acquiring an additional 3,173 shares during the quarter. SteelPeak Wealth LLC owned about 0.10% of iShares U.S. Infrastructure ETF worth $2,483,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Zions Bancorporation N.A. acquired a new stake in iShares U.S. Infrastructure ETF during the second quarter valued at approximately $33,000. ORG Partners LLC acquired a new position in shares of iShares U.S. Infrastructure ETF in the 2nd quarter worth $36,000. Deane Retirement Strategies Inc. acquired a new stake in shares of iShares U.S. Infrastructure ETF during the second quarter worth $52,000. LGT Financial Advisors LLC boosted its position in shares of iShares U.S. Infrastructure ETF by 36.6% in the 2nd quarter. LGT Financial Advisors LLC now owns 1,302 shares of the company’s stock valued at $55,000 after purchasing an additional 349 shares during the period. Finally, Gilliland Jeter Wealth Management LLC increased its stake in iShares U.S. Infrastructure ETF by 38.1% in the 3rd quarter. Gilliland Jeter Wealth Management LLC now owns 1,483 shares of the company’s stock worth $70,000 after purchasing an additional 409 shares in the last quarter.
iShares U.S. Infrastructure ETF Trading Down 1.1 %
Shares of IFRA traded down $0.53 during midday trading on Wednesday, hitting $47.06. The stock had a trading volume of 120,131 shares. The company has a market capitalization of $2.59 billion, a price-to-earnings ratio of 16.71 and a beta of 0.89. The stock’s fifty day moving average price is $46.24 and its 200-day moving average price is $44.37.
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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