iShares U.S. Infrastructure ETF (BATS:IFRA) Sets New 12-Month High – Should You Buy?

iShares U.S. Infrastructure ETF (BATS:IFRA) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $63.19 and last traded at $62.87, with a volume of 269709 shares. The stock had previously closed at $62.00.

iShares U.S. Infrastructure ETF Price Performance

The company has a market capitalization of $3.38 billion, a P/E ratio of 19.30 and a beta of 0.98. The stock has a 50-day moving average price of $58.90 and a 200-day moving average price of $56.04.

Hedge Funds Weigh In On iShares U.S. Infrastructure ETF

Hedge funds have recently made changes to their positions in the stock. Compound Planning Inc. increased its holdings in iShares U.S. Infrastructure ETF by 23.5% in the third quarter. Compound Planning Inc. now owns 308,063 shares of the company’s stock worth $16,272,000 after purchasing an additional 58,521 shares in the last quarter. CreativeOne Wealth LLC increased its holdings in iShares U.S. Infrastructure ETF by 264.0% in the third quarter. CreativeOne Wealth LLC now owns 16,464 shares of the company’s stock worth $870,000 after purchasing an additional 11,941 shares in the last quarter. Tcfg Wealth Management LLC bought a new stake in iShares U.S. Infrastructure ETF in the third quarter worth approximately $1,420,000. Stratos Wealth Partners LTD. increased its holdings in iShares U.S. Infrastructure ETF by 312.7% in the fourth quarter. Stratos Wealth Partners LTD. now owns 52,353 shares of the company’s stock worth $2,755,000 after purchasing an additional 39,669 shares in the last quarter. Finally, CENTRAL TRUST Co bought a new stake in iShares U.S. Infrastructure ETF in the third quarter worth approximately $558,000.

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.