LPL Financial LLC increased its stake in iShares U.S. Infrastructure ETF (BATS:IFRA – Free Report) by 11.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,166,783 shares of the company’s stock after acquiring an additional 227,962 shares during the quarter. LPL Financial LLC owned approximately 3.94% of iShares U.S. Infrastructure ETF worth $101,774,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in IFRA. Zions Bancorporation N.A. acquired a new stake in shares of iShares U.S. Infrastructure ETF in the second quarter worth approximately $33,000. ORG Partners LLC acquired a new stake in iShares U.S. Infrastructure ETF during the 2nd quarter worth $36,000. Deane Retirement Strategies Inc. purchased a new stake in shares of iShares U.S. Infrastructure ETF during the second quarter worth $52,000. LGT Financial Advisors LLC raised its position in shares of iShares U.S. Infrastructure ETF by 36.6% in the second quarter. LGT Financial Advisors LLC now owns 1,302 shares of the company’s stock valued at $55,000 after buying an additional 349 shares during the last quarter. Finally, International Assets Investment Management LLC purchased a new position in shares of iShares U.S. Infrastructure ETF in the second quarter worth about $65,000.
iShares U.S. Infrastructure ETF Stock Up 0.7 %
IFRA opened at $51.22 on Friday. The firm has a market capitalization of $2.81 billion, a price-to-earnings ratio of 16.71 and a beta of 0.89. The stock’s fifty day simple moving average is $47.81 and its 200-day simple moving average is $45.22.
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.
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