Evolution Wealth Management Inc. Purchases 8,207 Shares of iShares U.S. Infrastructure ETF $IFRA

Evolution Wealth Management Inc. lifted its holdings in shares of iShares U.S. Infrastructure ETF (BATS:IFRA) by 111.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,573 shares of the company’s stock after buying an additional 8,207 shares during the quarter. Evolution Wealth Management Inc.’s holdings in iShares U.S. Infrastructure ETF were worth $891,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Bank of America Corp DE grew its position in shares of iShares U.S. Infrastructure ETF by 2.2% during the 3rd quarter. Bank of America Corp DE now owns 10,015,425 shares of the company’s stock worth $529,015,000 after buying an additional 217,548 shares during the period. LPL Financial LLC increased its position in shares of iShares U.S. Infrastructure ETF by 8.0% during the fourth quarter. LPL Financial LLC now owns 1,149,312 shares of the company’s stock worth $60,477,000 after acquiring an additional 85,038 shares in the last quarter. Mariner LLC increased its holdings in iShares U.S. Infrastructure ETF by 5.6% during the 4th quarter. Mariner LLC now owns 1,025,850 shares of the company’s stock worth $53,980,000 after purchasing an additional 54,428 shares in the last quarter. Hsbc Holdings PLC grew its holdings in shares of iShares U.S. Infrastructure ETF by 7.9% during the fourth quarter. Hsbc Holdings PLC now owns 753,905 shares of the company’s stock worth $39,670,000 after buying an additional 54,996 shares in the last quarter. Finally, Cetera Investment Advisers raised its position in iShares U.S. Infrastructure ETF by 33.7% in the 4th quarter. Cetera Investment Advisers now owns 705,162 shares of the company’s stock valued at $37,106,000 after buying an additional 177,590 shares during the last quarter.

iShares U.S. Infrastructure ETF Stock Performance

BATS IFRA opened at $62.23 on Friday. iShares U.S. Infrastructure ETF has a 52 week low of $49.47 and a 52 week high of $64.25. The stock’s 50 day moving average price is $61.62 and its two-hundred day moving average price is $58.68. The stock has a market capitalization of $3.35 billion, a price-to-earnings ratio of 19.30 and a beta of 0.98.

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.