World Equity Group Inc. boosted its position in shares of iShares U.S. Infrastructure ETF (BATS:IFRA – Free Report) by 109.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 29,992 shares of the company’s stock after acquiring an additional 15,699 shares during the quarter. World Equity Group Inc. owned 0.05% of iShares U.S. Infrastructure ETF worth $1,388,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB purchased a new stake in iShares U.S. Infrastructure ETF during the third quarter valued at $27,000. Continuum Advisory LLC grew its holdings 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. Financial Advocates Investment Management bought a new stake in iShares U.S. Infrastructure ETF during the third quarter valued at about $102,000. Golden State Wealth Management LLC bought a new stake in iShares U.S. Infrastructure ETF during the fourth quarter valued at about $105,000. Finally, Cedar Wealth Management LLC grew its holdings in iShares U.S. Infrastructure ETF by 8.3% during the third quarter. Cedar Wealth Management LLC now owns 2,600 shares of the company’s stock valued at $122,000 after purchasing an additional 200 shares during the period.
iShares U.S. Infrastructure ETF Stock Down 0.1 %
BATS:IFRA opened at $46.74 on Friday. The firm’s 50-day moving average is $47.17 and its 200-day moving average is $47.23. The company has a market capitalization of $2.57 billion, a price-to-earnings 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.
Further Reading
- Five stocks we like better than iShares U.S. Infrastructure ETF
- Learn Technical Analysis Skills to Master the Stock Market
- These 5 Energy Stocks Hedge Inflation With Growth Potential
- Growth Stocks: What They Are, What They Are Not
- Unity Stock: Is a True Turnaround Finally Taking Shape?
- What to Know About Investing in Penny Stocks
- DuPont’s Electronics Spinoff: The Start of Something Big
Receive News & Ratings for iShares U.S. Infrastructure ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares U.S. Infrastructure ETF and related companies with MarketBeat.com's FREE daily email newsletter.
