Magnus Financial Group LLC bought a new position in shares of iShares U.S. Infrastructure ETF (BATS:IFRA – Free Report) in the fourth quarter, HoldingsChannel reports. The firm bought 6,351 shares of the company’s stock, valued at approximately $294,000.
Several other hedge funds have also recently bought and sold shares of the stock. JPMorgan Chase & Co. boosted its holdings in shares of iShares U.S. Infrastructure ETF by 2.4% in the third quarter. JPMorgan Chase & Co. now owns 1,521,971 shares of the company’s stock valued at $71,487,000 after buying an additional 36,234 shares during the period. Benjamin Edwards Inc. acquired a new position in iShares U.S. Infrastructure ETF in the 3rd quarter worth $400,000. Watershed Private Wealth LLC boosted its stake in iShares U.S. Infrastructure ETF by 1.8% in the 3rd quarter. Watershed Private Wealth LLC now owns 45,434 shares of the company’s stock worth $2,134,000 after purchasing an additional 791 shares during the period. Proquility Private Wealth Partners LLC bought a new position in iShares U.S. Infrastructure ETF during the 3rd quarter worth about $876,000. Finally, Principal Financial Group Inc. raised its stake in shares of iShares U.S. Infrastructure ETF by 31.2% in the 3rd quarter. Principal Financial Group Inc. now owns 120,375 shares of the company’s stock valued at $5,654,000 after purchasing an additional 28,600 shares during the period.
iShares U.S. Infrastructure ETF Trading Up 3.5 %
Shares of iShares U.S. Infrastructure ETF stock opened at $48.42 on Thursday. The company has a market capitalization of $2.66 billion, a price-to-earnings ratio of 16.71 and a beta of 0.89. The firm has a 50 day moving average price of $48.40 and a 200-day moving average price of $46.73.
iShares U.S. Infrastructure ETF 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.
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Want to see what other hedge funds are holding IFRA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares U.S. Infrastructure ETF (BATS:IFRA – Free Report).
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