KPP Advisory Services LLC Has $783,000 Position in iShares U.S. Infrastructure ETF (BATS:IFRA)

KPP Advisory Services LLC grew its stake in iShares U.S. Infrastructure ETF (BATS:IFRA) by 4.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,680 shares of the company’s stock after buying an additional 641 shares during the period. KPP Advisory Services LLC’s holdings in iShares U.S. Infrastructure ETF were worth $783,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Envestnet Asset Management Inc. lifted 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 worth $291,197,000 after purchasing an additional 209,698 shares during the period. LPL Financial LLC boosted its position in iShares U.S. Infrastructure ETF by 2.8% during the second quarter. LPL Financial LLC now owns 1,938,821 shares of the company’s stock valued at $81,663,000 after acquiring an additional 52,669 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in iShares U.S. Infrastructure ETF by 2.9% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 992,639 shares of the company’s stock worth $41,810,000 after acquiring an additional 28,235 shares during the period. CWM LLC raised its position in shares of iShares U.S. Infrastructure ETF by 1.5% in the 3rd quarter. CWM LLC now owns 880,524 shares of the company’s stock worth $41,358,000 after acquiring an additional 13,426 shares in the last quarter. Finally, Park Avenue Securities LLC lifted its stake in shares of iShares U.S. Infrastructure ETF by 0.4% in the 2nd quarter. Park Avenue Securities LLC now owns 700,644 shares of the company’s stock valued at $29,511,000 after purchasing an additional 2,848 shares during the period.

iShares U.S. Infrastructure ETF Price Performance

Shares of iShares U.S. Infrastructure ETF stock traded up $0.16 on Friday, hitting $49.29. 198,840 shares of the company’s stock traded hands. The company has a market cap of $2.71 billion, a P/E ratio of 16.71 and a beta of 0.89. The firm’s 50 day moving average price is $47.23 and its two-hundred day moving average price is $44.95.

iShares U.S. Infrastructure ETF Company 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.