Investment Management Corp VA ADV Acquires New Holdings in iShares U.S. Infrastructure ETF $IFRA

Investment Management Corp VA ADV bought a new stake in shares of iShares U.S. Infrastructure ETF (BATS:IFRA) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 17,364 shares of the company’s stock, valued at approximately $956,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IFRA. Parallel Advisors LLC increased its position in iShares U.S. Infrastructure ETF by 72.8% in the third quarter. Parallel Advisors LLC now owns 8,858 shares of the company’s stock worth $487,000 after purchasing an additional 3,731 shares during the last quarter. S&A Financial Services Inc. raised its stake in iShares U.S. Infrastructure ETF by 7.8% during the third quarter. S&A Financial Services Inc. now owns 23,869 shares of the company’s stock valued at $1,314,000 after purchasing an additional 1,732 shares in the last quarter. Ashton Thomas Private Wealth LLC lifted its position in iShares U.S. Infrastructure ETF by 5.7% during the third quarter. Ashton Thomas Private Wealth LLC now owns 9,622 shares of the company’s stock valued at $530,000 after purchasing an additional 518 shares during the last quarter. Kestra Advisory Services LLC lifted its position in iShares U.S. Infrastructure ETF by 5.1% during the third quarter. Kestra Advisory Services LLC now owns 67,065 shares of the company’s stock valued at $3,691,000 after purchasing an additional 3,268 shares during the last quarter. Finally, Commonwealth Equity Services LLC bought a new position in iShares U.S. Infrastructure ETF during the third quarter valued at $17,338,000.

iShares U.S. Infrastructure ETF Stock Down 0.1%

Shares of BATS:IFRA opened at $55.91 on Friday. iShares U.S. Infrastructure ETF has a 52 week low of $50.66 and a 52 week high of $64.25. The stock has a market capitalization of $3.01 billion, a P/E ratio of 19.30 and a beta of 0.98. The firm has a fifty day simple moving average of $57.17 and a two-hundred day simple moving average of $59.38.

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.