Apollon Wealth Management LLC Increases Stock Holdings in iShares U.S. Infrastructure ETF (BATS:IFRA)

Apollon Wealth Management LLC increased its holdings in iShares U.S. Infrastructure ETF (BATS:IFRA) by 8.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,620 shares of the company’s stock after acquiring an additional 1,769 shares during the quarter. Apollon Wealth Management LLC’s holdings in iShares U.S. Infrastructure ETF were worth $1,047,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB bought a new stake in iShares U.S. Infrastructure ETF in the 3rd quarter worth about $27,000. Continuum Advisory LLC grew its stake in shares of iShares U.S. Infrastructure ETF by 41.8% during the 3rd quarter. Continuum Advisory LLC now owns 1,221 shares of the company’s stock valued at $60,000 after purchasing an additional 360 shares during the period. Gilliland Jeter Wealth Management LLC lifted its position in shares of iShares U.S. Infrastructure ETF by 38.1% during the 3rd quarter. Gilliland Jeter Wealth Management LLC now owns 1,483 shares of the company’s stock valued at $70,000 after buying an additional 409 shares in the last quarter. Financial Advocates Investment Management purchased a new position in shares of iShares U.S. Infrastructure ETF during the 3rd quarter valued at about $102,000. Finally, Golden State Wealth Management LLC purchased a new position in shares of iShares U.S. Infrastructure ETF during the 4th quarter valued at about $105,000.

iShares U.S. Infrastructure ETF Trading Up 2.3 %

BATS IFRA opened at $47.86 on Wednesday. The business has a 50 day simple moving average of $47.54 and a 200 day simple moving average of $47.10. The stock has a market cap of $2.63 billion, a PE ratio of 16.71 and a beta of 0.89.

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.