Principal Securities Inc. Has $4.51 Million Stake in iShares U.S. Infrastructure ETF (BATS:IFRA)

Principal Securities Inc. raised its position in shares of iShares U.S. Infrastructure ETF (BATS:IFRA) by 8.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 95,914 shares of the company’s stock after buying an additional 7,139 shares during the period. Principal Securities Inc. owned about 0.17% of iShares U.S. Infrastructure ETF worth $4,505,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of IFRA. Cetera Investment Advisers grew its stake in shares of iShares U.S. Infrastructure ETF by 155.2% during the first quarter. Cetera Investment Advisers now owns 501,707 shares of the company’s stock valued at $21,754,000 after purchasing an additional 305,141 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in shares of iShares U.S. Infrastructure ETF during the second quarter valued at approximately $12,791,000. Kestra Investment Management LLC bought a new stake in shares of iShares U.S. Infrastructure ETF during the second quarter valued at approximately $11,516,000. Envestnet Asset Management Inc. grew its stake in shares of iShares U.S. Infrastructure ETF by 3.1% during the second quarter. Envestnet Asset Management Inc. now owns 6,913,506 shares of the company’s stock valued at $291,197,000 after purchasing an additional 209,698 shares during the last quarter. Finally, AlphaQ Advisors LLC bought a new stake in shares of iShares U.S. Infrastructure ETF during the first quarter valued at approximately $4,188,000.

iShares U.S. Infrastructure ETF Price Performance

IFRA opened at $46.68 on Friday. The firm’s 50 day moving average is $46.34 and its 200 day moving average is $44.41. The company has a market capitalization of $2.57 billion, a PE 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.