Sumitomo Life Insurance Co. Increases Stock Position in iShares U.S. Infrastructure ETF $IFRA

Sumitomo Life Insurance Co. raised its position in iShares U.S. Infrastructure ETF (BATS:IFRA) by 23.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 75,200 shares of the company’s stock after acquiring an additional 14,200 shares during the quarter. Sumitomo Life Insurance Co. owned approximately 0.14% of iShares U.S. Infrastructure ETF worth $3,972,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Wharton Business Group LLC grew its stake in shares of iShares U.S. Infrastructure ETF by 1.1% in the third quarter. Wharton Business Group LLC now owns 1,715,140 shares of the company’s stock worth $90,594,000 after purchasing an additional 19,360 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in iShares U.S. Infrastructure ETF by 6.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 449,215 shares of the company’s stock worth $22,097,000 after buying an additional 25,257 shares during the period. Cetera Investment Advisers grew its position in shares of iShares U.S. Infrastructure ETF by 1.0% in the 2nd quarter. Cetera Investment Advisers now owns 447,619 shares of the company’s stock worth $22,018,000 after buying an additional 4,261 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in shares of iShares U.S. Infrastructure ETF by 0.4% during the third quarter. PNC Financial Services Group Inc. now owns 373,402 shares of the company’s stock valued at $19,723,000 after buying an additional 1,345 shares during the period. Finally, Curi Capital LLC bought a new position in shares of iShares U.S. Infrastructure ETF during the second quarter valued at approximately $17,612,000.

iShares U.S. Infrastructure ETF Stock Down 0.4%

Shares of IFRA stock opened at $60.13 on Thursday. The firm has a market capitalization of $3.23 billion, a price-to-earnings ratio of 19.30 and a beta of 0.98. The stock has a fifty day moving average of $56.36 and a 200 day moving average of $53.80. iShares U.S. Infrastructure ETF has a 52 week low of $39.94 and a 52 week high of $60.87.

iShares U.S. Infrastructure ETF 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.