Independent Advisor Alliance Invests $1.53 Million in iShares U.S. Infrastructure ETF (BATS:IFRA)

Independent Advisor Alliance purchased a new stake in shares of iShares U.S. Infrastructure ETF (BATS:IFRA) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 33,005 shares of the company’s stock, valued at approximately $1,528,000. Independent Advisor Alliance owned approximately 0.06% of iShares U.S. Infrastructure ETF as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. Wilmington Savings Fund Society FSB bought a new stake in iShares U.S. Infrastructure ETF during the 3rd quarter valued at $27,000. Continuum Advisory LLC increased its stake in shares of iShares U.S. Infrastructure ETF by 41.8% during the third quarter. Continuum Advisory LLC now owns 1,221 shares of the company’s stock valued at $60,000 after buying an additional 360 shares during the period. Golden State Wealth Management LLC bought a new stake in shares of iShares U.S. Infrastructure ETF in the fourth quarter valued at about $105,000. Cedar Wealth Management LLC lifted its stake in iShares U.S. Infrastructure ETF by 8.3% in the third quarter. Cedar Wealth Management LLC now owns 2,600 shares of the company’s stock worth $122,000 after acquiring an additional 200 shares during the period. Finally, MCF Advisors LLC bought a new position in iShares U.S. Infrastructure ETF during the 4th quarter worth about $140,000.

iShares U.S. Infrastructure ETF Stock Down 1.8 %

BATS IFRA opened at $45.92 on Friday. The firm’s 50 day simple moving average is $46.89 and its 200-day simple moving average is $47.36. The stock has a market cap of $2.36 billion, a P/E ratio of 19.01 and a beta of 1.05.

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.