Strategic Financial Concepts LLC bought a new position in shares of iShares U.S. Infrastructure ETF (BATS:IFRA – Free Report) during the fourth quarter, HoldingsChannel.com reports. The firm bought 47,946 shares of the company’s stock, valued at approximately $2,219,000.
A number of other hedge funds also recently modified their holdings of IFRA. Alpha Financial Partners LLC acquired a new stake in iShares U.S. Infrastructure ETF in the 3rd quarter valued at approximately $359,000. Wedmont Private Capital bought a new position in shares of iShares U.S. Infrastructure ETF during the 3rd quarter worth approximately $234,000. Creative Planning boosted its stake in shares of iShares U.S. Infrastructure ETF by 9.8% during the 3rd quarter. Creative Planning now owns 412,110 shares of the company’s stock worth $19,357,000 after acquiring an additional 36,742 shares during the period. Watershed Private Wealth LLC boosted its stake in shares of iShares U.S. Infrastructure ETF by 1.8% during the 3rd quarter. Watershed Private Wealth LLC now owns 45,434 shares of the company’s stock worth $2,134,000 after acquiring an additional 791 shares during the period. Finally, Legacy Financial Group LLC boosted its stake in iShares U.S. Infrastructure ETF by 3.0% in the 3rd quarter. Legacy Financial Group LLC now owns 33,793 shares of the company’s stock valued at $1,587,000 after purchasing an additional 985 shares during the period.
iShares U.S. Infrastructure ETF Price Performance
IFRA opened at $47.78 on Tuesday. The firm has a 50-day moving average price of $47.60 and a two-hundred day moving average price of $47.08. The company has a market cap of $2.63 billion, a P/E 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.
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