Theory Financial LLC Boosts Stock Position in iShares U.S. Infrastructure ETF (BATS:IFRA)

Theory Financial LLC increased its holdings in iShares U.S. Infrastructure ETF (BATS:IFRA) by 9.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 8,400 shares of the company’s stock after acquiring an additional 737 shares during the period. Theory Financial LLC’s holdings in iShares U.S. Infrastructure ETF were worth $394,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Zions Bancorporation N.A. acquired a new stake in iShares U.S. Infrastructure ETF during the second quarter worth $33,000. ORG Partners LLC acquired a new stake in iShares U.S. Infrastructure ETF during the second quarter worth $36,000. Deane Retirement Strategies Inc. acquired a new stake in iShares U.S. Infrastructure ETF during the second quarter worth $52,000. LGT Financial Advisors LLC boosted its position in shares of iShares U.S. Infrastructure ETF by 36.6% during the second quarter. LGT Financial Advisors LLC now owns 1,302 shares of the company’s stock worth $55,000 after buying an additional 349 shares during the period. Finally, Gilliland Jeter Wealth Management LLC boosted its position in shares of iShares U.S. Infrastructure ETF by 38.1% during the third quarter. Gilliland Jeter Wealth Management LLC now owns 1,483 shares of the company’s stock worth $70,000 after buying an additional 409 shares during the period.

iShares U.S. Infrastructure ETF Stock Performance

IFRA opened at $49.29 on Monday. The stock’s 50 day moving average price is $47.23 and its two-hundred day moving average price is $44.99. The stock has a market capitalization of $2.71 billion, a price-to-earnings ratio of 16.71 and a beta of 0.89.

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.