Congress Wealth Management LLC DE Boosts Stake in iShares U.S. Infrastructure ETF (BATS:IFRA)

Congress Wealth Management LLC DE increased its stake in shares of iShares U.S. Infrastructure ETF (BATS:IFRA) by 36.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,339 shares of the company’s stock after buying an additional 3,050 shares during the quarter. Congress Wealth Management LLC DE’s holdings in iShares U.S. Infrastructure ETF were worth $525,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IFRA. Wilmington Savings Fund Society FSB acquired a new stake in iShares U.S. Infrastructure ETF during the 3rd quarter valued at approximately $27,000. Flagship Wealth Advisors LLC acquired a new position in iShares U.S. Infrastructure ETF during the fourth quarter valued at $46,000. Continuum Advisory LLC lifted its position in 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 purchasing an additional 360 shares during the period. Golden State Wealth Management LLC purchased a new stake in iShares U.S. Infrastructure ETF in the fourth quarter valued at $105,000. Finally, MCF Advisors LLC acquired a new stake in iShares U.S. Infrastructure ETF during the 4th quarter worth about $140,000.

iShares U.S. Infrastructure ETF Stock Down 3.7 %

Shares of IFRA stock opened at $45.06 on Friday. iShares U.S. Infrastructure ETF has a 52-week low of $40.93 and a 52-week high of $51.99. The stock has a market cap of $2.17 billion, a PE ratio of 19.03 and a beta of 1.05. The business has a 50-day simple moving average of $46.73 and a 200-day simple moving average of $47.43.

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.