iShares U.S. Infrastructure ETF (BATS:IFRA) Shares Bought by Wharton Business Group LLC

Wharton Business Group LLC grew its stake in iShares U.S. Infrastructure ETF (BATS:IFRA) by 3.8% during the fourth quarter, HoldingsChannel reports. The firm owned 1,559,400 shares of the company’s stock after purchasing an additional 57,600 shares during the quarter. iShares U.S. Infrastructure ETF comprises approximately 3.3% of Wharton Business Group LLC’s portfolio, making the stock its 9th biggest holding. Wharton Business Group LLC’s holdings in iShares U.S. Infrastructure ETF were worth $72,185,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of IFRA. Alpha Financial Partners LLC acquired a new stake in shares of iShares U.S. Infrastructure ETF in the 3rd quarter worth $359,000. Raymond James & Associates raised its holdings in iShares U.S. Infrastructure ETF by 15.2% during the third quarter. Raymond James & Associates now owns 80,442 shares of the company’s stock worth $3,778,000 after purchasing an additional 10,594 shares in the last quarter. Private Advisor Group LLC lifted its position in iShares U.S. Infrastructure ETF by 34.5% in the third quarter. Private Advisor Group LLC now owns 48,454 shares of the company’s stock valued at $2,276,000 after purchasing an additional 12,428 shares during the period. Pettinga Financial Advisors LLC boosted its holdings in iShares U.S. Infrastructure ETF by 0.4% in the 3rd quarter. Pettinga Financial Advisors LLC now owns 94,103 shares of the company’s stock valued at $4,420,000 after purchasing an additional 365 shares in the last quarter. Finally, ShoreHaven Wealth Partners LLC increased its position in iShares U.S. Infrastructure ETF by 12.6% during the 3rd quarter. ShoreHaven Wealth Partners LLC now owns 31,798 shares of the company’s stock worth $1,494,000 after purchasing an additional 3,561 shares during the period.

iShares U.S. Infrastructure ETF Stock Down 0.1 %

IFRA opened at $46.74 on Monday. The firm has a market cap of $2.57 billion, a PE ratio of 16.71 and a beta of 0.89. The company has a 50 day simple moving average of $47.17 and a 200 day simple moving average of $47.25.

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.