Western Wealth Management LLC Increases Stock Holdings in iShares U.S. Infrastructure ETF $IFRA

Western Wealth Management LLC boosted its stake in iShares U.S. Infrastructure ETF (BATS:IFRA) by 84.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 50,371 shares of the company’s stock after acquiring an additional 23,080 shares during the period. Western Wealth Management LLC owned 0.09% of iShares U.S. Infrastructure ETF worth $2,881,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in IFRA. Cetera Investment Advisers raised its holdings in iShares U.S. Infrastructure ETF by 52.6% in the 1st quarter. Cetera Investment Advisers now owns 1,076,201 shares of the company’s stock worth $61,559,000 after purchasing an additional 371,039 shares in the last quarter. Bank of America Corp DE lifted its position in shares of iShares U.S. Infrastructure ETF by 2.2% in the 3rd quarter. Bank of America Corp DE now owns 10,015,425 shares of the company’s stock worth $529,015,000 after purchasing an additional 217,548 shares during the period. TrustBank bought a new stake in shares of iShares U.S. Infrastructure ETF during the 4th quarter valued at about $10,295,000. Sumitomo Life Insurance Co. boosted its stake in shares of iShares U.S. Infrastructure ETF by 161.6% during the 4th quarter. Sumitomo Life Insurance Co. now owns 196,700 shares of the company’s stock valued at $10,350,000 after purchasing an additional 121,500 shares in the last quarter. Finally, Van ECK Associates Corp bought a new stake in shares of iShares U.S. Infrastructure ETF during the 4th quarter valued at about $5,792,000.

iShares U.S. Infrastructure ETF Price Performance

Shares of BATS IFRA opened at $60.57 on Friday. iShares U.S. Infrastructure ETF has a 1 year low of $49.49 and a 1 year high of $64.25. The stock has a market capitalization of $3.26 billion, a P/E ratio of 19.30 and a beta of 0.98. The company’s 50-day moving average is $61.73 and its 200 day moving average is $59.84.

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.