Sumitomo Life Insurance Co. Has $352,000 Holdings in iShares U.S. Infrastructure ETF (BATS:IFRA)

Sumitomo Life Insurance Co. lowered its stake in shares of iShares U.S. Infrastructure ETF (BATS:IFRA) by 45.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 7,600 shares of the company’s stock after selling 6,400 shares during the period. Sumitomo Life Insurance Co.’s holdings in iShares U.S. Infrastructure ETF were worth $352,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IFRA. JPMorgan Chase & Co. grew its position in iShares U.S. Infrastructure ETF by 2.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,521,971 shares of the company’s stock worth $71,487,000 after purchasing an additional 36,234 shares in the last quarter. Benjamin Edwards Inc. bought a new position in shares of iShares U.S. Infrastructure ETF in the third quarter valued at approximately $400,000. Jane Street Group LLC purchased a new stake in shares of iShares U.S. Infrastructure ETF during the third quarter valued at approximately $224,000. Watershed Private Wealth LLC lifted its holdings in iShares U.S. Infrastructure ETF by 1.8% during the third quarter. Watershed Private Wealth LLC now owns 45,434 shares of the company’s stock worth $2,134,000 after acquiring an additional 791 shares during the period. Finally, Proquility Private Wealth Partners LLC purchased a new position in iShares U.S. Infrastructure ETF in the third quarter worth $876,000.

iShares U.S. Infrastructure ETF Price Performance

Shares of BATS:IFRA opened at $47.89 on Friday. The company has a market cap of $2.63 billion, a P/E ratio of 16.71 and a beta of 0.89. The company has a 50-day simple moving average of $48.16 and a two-hundred day simple moving average of $46.92.

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.