JB Capital LLC raised its position in iShares U.S. Infrastructure ETF (BATS:IFRA – Free Report) by 4.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 257,689 shares of the company’s stock after acquiring an additional 9,802 shares during the quarter. iShares U.S. Infrastructure ETF accounts for about 0.7% of JB Capital LLC’s investment portfolio, making the stock its 24th biggest position. JB Capital LLC’s holdings in iShares U.S. Infrastructure ETF were worth $12,104,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in IFRA. Zions Bancorporation N.A. acquired a new stake in iShares U.S. Infrastructure ETF in the second quarter worth about $33,000. ORG Partners LLC bought a new stake in shares of iShares U.S. Infrastructure ETF during the 2nd quarter worth about $36,000. Deane Retirement Strategies Inc. acquired a new stake in shares of iShares U.S. Infrastructure ETF in the 2nd quarter worth approximately $52,000. LGT Financial Advisors LLC boosted its holdings in shares of iShares U.S. Infrastructure ETF by 36.6% in the second quarter. LGT Financial Advisors LLC now owns 1,302 shares of the company’s stock valued at $55,000 after acquiring an additional 349 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new position in shares of iShares U.S. Infrastructure ETF during the second quarter valued at approximately $65,000.
iShares U.S. Infrastructure ETF Stock Performance
BATS IFRA traded up $2.07 on Thursday, reaching $49.92. 234,129 shares of the stock traded hands. The company has a market capitalization of $2.74 billion, a P/E ratio of 16.71 and a beta of 0.89. The stock’s 50 day moving average price is $46.54 and its two-hundred day moving average price is $44.61.
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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