Forte Asset Management LLC boosted its stake in iShares U.S. Infrastructure ETF (BATS:IFRA – Free Report) by 28.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 80,085 shares of the company’s stock after buying an additional 17,585 shares during the quarter. iShares U.S. Infrastructure ETF makes up approximately 1.8% of Forte Asset Management LLC’s portfolio, making the stock its 19th largest holding. Forte Asset Management LLC owned approximately 0.15% of iShares U.S. Infrastructure ETF worth $4,407,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Ulrich Consultants & Investment Group LLC acquired a new stake in shares of iShares U.S. Infrastructure ETF in the third quarter worth approximately $403,000. First Heartland Consultants Inc. acquired a new position in iShares U.S. Infrastructure ETF in the 3rd quarter valued at $583,000. Farther Finance Advisors LLC raised its stake in iShares U.S. Infrastructure ETF by 1.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 45,565 shares of the company’s stock valued at $2,507,000 after purchasing an additional 542 shares during the last quarter. Avidian Wealth Enterprises LLC acquired a new position in iShares U.S. Infrastructure ETF in the 3rd quarter valued at $2,372,000. Finally, American National Bank & Trust purchased a new position in iShares U.S. Infrastructure ETF in the 3rd quarter valued at $43,000.
iShares U.S. Infrastructure ETF Stock Up 0.2%
Shares of IFRA opened at $57.24 on Wednesday. iShares U.S. Infrastructure ETF has a 52-week low of $50.66 and a 52-week high of $64.25. The stock has a market cap of $3.08 billion, a PE ratio of 19.30 and a beta of 0.98. The firm’s fifty day moving average is $58.42 and its two-hundred day moving average is $60.04.
About iShares U.S. Infrastructure ETF
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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