Pictet Asset Management Holding SA Has $24.75 Million Stock Holdings in iShares U.S. Infrastructure ETF (BATS:IFRA)

Pictet Asset Management Holding SA grew its holdings in shares of iShares U.S. Infrastructure ETF (BATS:IFRA) by 16.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 534,864 shares of the company’s stock after acquiring an additional 76,243 shares during the period. Pictet Asset Management Holding SA’s holdings in iShares U.S. Infrastructure ETF were worth $24,754,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Wilmington Savings Fund Society FSB bought a new position in shares of iShares U.S. Infrastructure ETF during the 3rd quarter worth approximately $27,000. Flagship Wealth Advisors LLC purchased a new position in iShares U.S. Infrastructure ETF in the fourth quarter worth $46,000. Continuum Advisory LLC boosted its position in iShares U.S. Infrastructure ETF by 41.8% in the third quarter. Continuum Advisory LLC now owns 1,221 shares of the company’s stock worth $60,000 after purchasing an additional 360 shares during the last quarter. Golden State Wealth Management LLC bought a new position in iShares U.S. Infrastructure ETF in the 4th quarter valued at $105,000. Finally, MCF Advisors LLC purchased a new stake in shares of iShares U.S. Infrastructure ETF during the 4th quarter valued at $140,000.

iShares U.S. Infrastructure ETF Stock Performance

BATS IFRA opened at $45.14 on Tuesday. The company has a market capitalization of $2.18 billion, a PE ratio of 19.03 and a beta of 1.05. iShares U.S. Infrastructure ETF has a 52-week low of $40.93 and a 52-week high of $51.99. The company has a 50-day simple moving average of $46.66 and a 200 day simple moving average of $47.48.

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.