KPP Advisory Services LLC raised its holdings in iShares U.S. Infrastructure ETF (BATS:IFRA – Free Report) by 1.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 16,965 shares of the company’s stock after purchasing an additional 285 shares during the period. KPP Advisory Services LLC’s holdings in iShares U.S. Infrastructure ETF were worth $785,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Wilmington Savings Fund Society FSB bought a new stake in shares of iShares U.S. Infrastructure ETF in the 3rd quarter worth about $27,000. Continuum Advisory LLC grew its holdings in shares of iShares U.S. Infrastructure ETF by 41.8% in the 3rd quarter. Continuum Advisory LLC now owns 1,221 shares of the company’s stock worth $60,000 after purchasing an additional 360 shares during the last quarter. Gilliland Jeter Wealth Management LLC grew its holdings in shares of 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 during the last quarter. Financial Advocates Investment Management bought a new stake in shares of iShares U.S. Infrastructure ETF in the 3rd quarter worth about $102,000. Finally, Cedar Wealth Management LLC grew its holdings in shares of iShares U.S. Infrastructure ETF by 8.3% in 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 during the last quarter.
iShares U.S. Infrastructure ETF Trading Up 1.4 %
IFRA opened at $47.43 on Monday. The stock has a fifty day moving average price of $48.08 and a 200-day moving average price of $46.98. The company has a market cap of $2.61 billion, a price-to-earnings ratio of 16.71 and a beta of 0.89.
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.
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