Firethorn Wealth Partners LLC cut its stake in iShares U.S. Infrastructure ETF (BATS:IFRA – Free Report) by 1.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 11,561 shares of the company’s stock after selling 227 shares during the quarter. Firethorn Wealth Partners LLC’s holdings in iShares U.S. Infrastructure ETF were worth $535,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Renaissance Technologies LLC purchased a new stake in shares of iShares U.S. Infrastructure ETF during the second quarter valued at approximately $977,000. Thrivent Financial for Lutherans lifted its stake in shares of iShares U.S. Infrastructure ETF by 0.4% in the second quarter. Thrivent Financial for Lutherans now owns 148,909 shares of the company’s stock worth $6,272,000 after buying an additional 593 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of iShares U.S. Infrastructure ETF by 18.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,390 shares of the company’s stock worth $157,000 after purchasing an additional 521 shares in the last quarter. Ascent Group LLC raised its position in iShares U.S. Infrastructure ETF by 23.0% in the 2nd quarter. Ascent Group LLC now owns 32,440 shares of the company’s stock worth $1,366,000 after buying an additional 6,062 shares during the last quarter. Finally, Creative Planning lifted its position in iShares U.S. Infrastructure ETF by 21.2% during the second quarter. Creative Planning now owns 375,368 shares of the company’s stock valued at $15,810,000 after purchasing an additional 65,544 shares during the period.
iShares U.S. Infrastructure ETF Stock Performance
IFRA stock opened at $48.43 on Friday. The firm has a fifty day moving average price of $48.37 and a 200-day moving average price of $46.79. The company has a market capitalization of $2.66 billion, a P/E ratio of 16.71 and a beta of 0.89.
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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