Park Avenue Securities LLC purchased a new stake in iShares U.S. Infrastructure ETF (BATS:IFRA – Free Report) during the third quarter, HoldingsChannel reports. The firm purchased 19,289 shares of the company’s stock, valued at approximately $1,061,000.
A number of other large investors have also added to or reduced their stakes in the business. Cetera Investment Advisers lifted its position in iShares U.S. Infrastructure ETF by 52.6% during the first quarter. Cetera Investment Advisers now owns 1,076,201 shares of the company’s stock worth $61,559,000 after acquiring an additional 371,039 shares during the last quarter. Hsbc Holdings PLC increased its stake in shares of iShares U.S. Infrastructure ETF by 0.6% during the first quarter. Hsbc Holdings PLC now owns 758,522 shares of the company’s stock worth $43,387,000 after purchasing an additional 4,617 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of iShares U.S. Infrastructure ETF by 5.6% during the first quarter. PNC Financial Services Group Inc. now owns 391,663 shares of the company’s stock worth $22,403,000 after purchasing an additional 20,822 shares during the period. Envestnet Asset Management Inc. lifted its holdings in iShares U.S. Infrastructure ETF by 5.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 329,900 shares of the company’s stock worth $20,797,000 after purchasing an additional 17,288 shares during the last quarter. Finally, Evergreen Capital Management LLC bought a new stake in iShares U.S. Infrastructure ETF in the 3rd quarter valued at $16,897,000.
iShares U.S. Infrastructure ETF Stock Performance
IFRA stock opened at $58.64 on Tuesday. iShares U.S. Infrastructure ETF has a 52 week low of $50.66 and a 52 week high of $64.25. The company has a market capitalization of $3.15 billion, a PE ratio of 19.30 and a beta of 0.98. The company’s 50-day simple moving average is $57.39 and its 200 day simple moving average is $59.36.
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.
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