Kestra Investment Management LLC Purchases 36,189 Shares of iShares U.S. Infrastructure ETF (BATS:IFRA)

Kestra Investment Management LLC grew its holdings in shares of iShares U.S. Infrastructure ETF (BATS:IFRA) by 13.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 309,606 shares of the company’s stock after acquiring an additional 36,189 shares during the quarter. Kestra Investment Management LLC owned 0.56% of iShares U.S. Infrastructure ETF worth $14,542,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Zions Bancorporation N.A. purchased a new position in iShares U.S. Infrastructure ETF in the 2nd quarter worth approximately $33,000. ORG Partners LLC purchased a new position in shares of iShares U.S. Infrastructure ETF in the second quarter worth $36,000. Deane Retirement Strategies Inc. bought a new stake in iShares U.S. Infrastructure ETF during the 2nd quarter valued at $52,000. LGT Financial Advisors LLC boosted its position in iShares U.S. Infrastructure ETF by 36.6% during the 2nd quarter. LGT Financial Advisors LLC now owns 1,302 shares of the company’s stock valued at $55,000 after buying an additional 349 shares during the period. Finally, International Assets Investment Management LLC bought a new stake in iShares U.S. Infrastructure ETF in the 2nd quarter worth $65,000.

iShares U.S. Infrastructure ETF Trading Up 0.2 %

Shares of BATS:IFRA opened at $51.60 on Friday. The company’s 50 day moving average price is $48.33 and its 200-day moving average price is $45.48. The company has a market capitalization of $2.84 billion, a P/E ratio of 16.71 and a beta of 0.89.

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.