Elios Financial Group Inc. acquired a new stake in iShares U.S. Infrastructure ETF (BATS:IFRA – Free Report) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 11,079 shares of the company’s stock, valued at approximately $520,000.
Several other hedge funds have also added to or reduced their stakes in the business. Zions Bancorporation N.A. bought a new stake in shares of iShares U.S. Infrastructure ETF during the second quarter worth $33,000. ORG Partners LLC acquired a new stake in shares of iShares U.S. Infrastructure ETF in the 2nd quarter valued at about $36,000. Deane Retirement Strategies Inc. bought a new stake in shares of iShares U.S. Infrastructure ETF in the second quarter valued at about $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
Shares of IFRA stock opened at $51.71 on Tuesday. The stock has a 50 day simple moving average of $47.81 and a two-hundred day simple moving average of $45.24. The company has a market capitalization of $2.84 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.
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