iShares U.S. Infrastructure ETF (BATS:IFRA) Trading 0.4% Higher – Here’s What Happened

iShares U.S. Infrastructure ETF (BATS:IFRA) were up 0.4% during trading on Wednesday . The company traded as high as $58.66 and last traded at $58.63. 410,280 shares were traded during mid-day trading, an increase of 9% from the average daily volume of 376,725 shares. The stock had previously closed at $58.39.

iShares U.S. Infrastructure ETF Price Performance

The business has a 50 day simple moving average of $61.14 and a 200 day simple moving average of $60.40. The company has a market capitalization of $3.17 billion, a price-to-earnings ratio of 19.30 and a beta of 0.98.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. International Assets Investment Management LLC acquired a new stake in iShares U.S. Infrastructure ETF in the fourth quarter valued at $26,000. Merkkuri Wealth Advisors LLC acquired a new position in shares of iShares U.S. Infrastructure ETF during the 1st quarter worth about $26,000. Bayban purchased a new position in shares of iShares U.S. Infrastructure ETF in the 4th quarter valued at about $27,000. Washington Trust Advisors Inc. purchased a new position in shares of iShares U.S. Infrastructure ETF in the 2nd quarter valued at about $27,000. Finally, Smartleaf Asset Management LLC acquired a new stake in shares of iShares U.S. Infrastructure ETF during the 4th quarter worth about $28,000.

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.