Wellspring Financial Advisors LLC Makes New Investment in iShares U.S. Infrastructure ETF $IFRA

Wellspring Financial Advisors LLC acquired a new position in shares of iShares U.S. Infrastructure ETF (BATS:IFRA) during the 4th quarter, Holdings Channel reports. The firm acquired 12,963 shares of the company’s stock, valued at approximately $682,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. International Assets Investment Management LLC purchased a new stake in iShares U.S. Infrastructure ETF during the 4th quarter worth approximately $26,000. Bessemer Group Inc. increased its holdings in iShares U.S. Infrastructure ETF by 226.7% during the 3rd quarter. Bessemer Group Inc. now owns 526 shares of the company’s stock worth $28,000 after purchasing an additional 365 shares during the last quarter. Aventura Private Wealth LLC purchased a new stake in iShares U.S. Infrastructure ETF during the 4th quarter worth approximately $28,000. High Point Wealth Management LLC purchased a new stake in iShares U.S. Infrastructure ETF during the 4th quarter worth approximately $28,000. Finally, Glassman Wealth Services purchased a new stake in iShares U.S. Infrastructure ETF during the 4th quarter worth approximately $31,000.

iShares U.S. Infrastructure ETF Stock Down 1.9%

IFRA stock opened at $60.01 on Thursday. iShares U.S. Infrastructure ETF has a 52-week low of $47.60 and a 52-week high of $63.24. The stock’s 50 day moving average is $60.40 and its two-hundred day moving average is $57.58. The company has a market capitalization of $3.23 billion, a PE 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.