iShares U.S. Infrastructure ETF (BATS:IFRA) Shares Bought by Watershed Private Wealth LLC

Watershed Private Wealth LLC increased its stake in iShares U.S. Infrastructure ETF (BATS:IFRA) by 1.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 45,434 shares of the company’s stock after buying an additional 791 shares during the quarter. iShares U.S. Infrastructure ETF comprises 0.9% of Watershed Private Wealth LLC’s portfolio, making the stock its 26th largest position. Watershed Private Wealth LLC owned about 0.08% of iShares U.S. Infrastructure ETF worth $2,134,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of IFRA. Cetera Investment Advisers grew its stake in shares of iShares U.S. Infrastructure ETF by 155.2% during the first quarter. Cetera Investment Advisers now owns 501,707 shares of the company’s stock valued at $21,754,000 after acquiring an additional 305,141 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in iShares U.S. Infrastructure ETF during the 2nd quarter valued at approximately $12,791,000. Kestra Investment Management LLC purchased a new stake in iShares U.S. Infrastructure ETF during the 2nd quarter worth approximately $11,516,000. Envestnet Asset Management Inc. raised its position in shares of iShares U.S. Infrastructure ETF by 3.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 6,913,506 shares of the company’s stock valued at $291,197,000 after purchasing an additional 209,698 shares in the last quarter. Finally, AlphaQ Advisors LLC purchased a new position in shares of iShares U.S. Infrastructure ETF during the 1st quarter valued at approximately $4,188,000.

iShares U.S. Infrastructure ETF Stock Up 0.7 %

Shares of IFRA stock traded up $0.35 during mid-day trading on Tuesday, reaching $47.56. 197,524 shares of the company were exchanged. The company has a market capitalization of $2.61 billion, a P/E ratio of 16.71 and a beta of 0.89. The company has a fifty day moving average price of $45.44 and a 200 day moving average price of $44.01.

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.