6,218 Shares in iShares U.S. Infrastructure ETF (BATS:IFRA) Acquired by Pines Wealth Management LLC

Pines Wealth Management LLC bought a new stake in shares of iShares U.S. Infrastructure ETF (BATS:IFRA) during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 6,218 shares of the company’s stock, valued at approximately $282,000.

Several other hedge funds also recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its position 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 last quarter. Benjamin Edwards Inc. purchased a new stake in iShares U.S. Infrastructure ETF in the 3rd quarter worth approximately $400,000. Watershed Private Wealth LLC raised its holdings 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 valued at $2,134,000 after acquiring an additional 791 shares during the last quarter. Proquility Private Wealth Partners LLC purchased a new position in shares of iShares U.S. Infrastructure ETF during the 3rd quarter worth $876,000. Finally, Principal Financial Group Inc. boosted its holdings in shares of iShares U.S. Infrastructure ETF by 31.2% during the third quarter. Principal Financial Group Inc. now owns 120,375 shares of the company’s stock worth $5,654,000 after purchasing an additional 28,600 shares during the last quarter.

iShares U.S. Infrastructure ETF Stock Performance

Shares of BATS:IFRA opened at $47.39 on Thursday. The stock has a market capitalization of $2.60 billion, a P/E ratio of 16.71 and a beta of 0.89. The firm has a 50 day simple moving average of $48.54 and a two-hundred day simple moving average of $46.49.

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.