NewEdge Advisors LLC Acquires 8,983 Shares of iShares U.S. Infrastructure ETF $IFRA

NewEdge Advisors LLC grew its holdings in shares of iShares U.S. Infrastructure ETF (BATS:IFRA) by 45.2% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 28,866 shares of the company’s stock after acquiring an additional 8,983 shares during the quarter. NewEdge Advisors LLC’s holdings in iShares U.S. Infrastructure ETF were worth $1,820,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of IFRA. Cetera Investment Advisers grew its holdings in shares of iShares U.S. Infrastructure ETF by 52.6% during the 1st quarter. Cetera Investment Advisers now owns 1,076,201 shares of the company’s stock worth $61,559,000 after acquiring an additional 371,039 shares during the period. Hsbc Holdings PLC lifted its holdings in shares of iShares U.S. Infrastructure ETF by 0.6% during the first quarter. Hsbc Holdings PLC now owns 758,522 shares of the company’s stock valued at $43,387,000 after purchasing an additional 4,617 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of iShares U.S. Infrastructure ETF by 3.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 483,634 shares of the company’s stock valued at $25,449,000 after purchasing an additional 14,781 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of iShares U.S. Infrastructure ETF by 5.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 391,663 shares of the company’s stock worth $22,403,000 after purchasing an additional 20,822 shares in the last quarter. Finally, Compound Planning Inc. boosted its position in shares of iShares U.S. Infrastructure ETF by 9.6% in the 4th quarter. Compound Planning Inc. now owns 337,560 shares of the company’s stock worth $17,762,000 after purchasing an additional 29,497 shares in the last quarter.

iShares U.S. Infrastructure ETF Stock Down 0.6%

iShares U.S. Infrastructure ETF stock opened at $56.62 on Friday. iShares U.S. Infrastructure ETF has a twelve month low of $50.66 and a twelve month high of $64.25. The company has a market capitalization of $3.05 billion, a P/E ratio of 19.30 and a beta of 0.98. The stock’s 50 day moving average is $60.20 and its 200 day moving average is $60.23.

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.