Consolidated Capital Management LLC Invests $1.58 Million in iShares U.S. Infrastructure ETF $IFRA

Consolidated Capital Management LLC bought a new position in iShares U.S. Infrastructure ETF (BATS:IFRA) during the fourth quarter, Holdings Channel.com reports. The firm bought 30,066 shares of the company’s stock, valued at approximately $1,582,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IFRA. AQR Capital Management LLC boosted its stake in shares of iShares U.S. Infrastructure ETF by 76.3% in the 1st quarter. AQR Capital Management LLC now owns 10,566 shares of the company’s stock worth $476,000 after buying an additional 4,574 shares during the last quarter. Focus Partners Wealth boosted its stake in shares of iShares U.S. Infrastructure ETF by 107.3% in the 1st quarter. Focus Partners Wealth now owns 17,850 shares of the company’s stock worth $805,000 after buying an additional 9,240 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of iShares U.S. Infrastructure ETF by 493.4% in the 2nd quarter. Russell Investments Group Ltd. now owns 896 shares of the company’s stock worth $44,000 after buying an additional 745 shares during the last quarter. Qube Research & Technologies Ltd boosted its stake in shares of iShares U.S. Infrastructure ETF by 129.9% in the 2nd quarter. Qube Research & Technologies Ltd now owns 22,336 shares of the company’s stock worth $1,099,000 after buying an additional 12,620 shares during the last quarter. Finally, The Manufacturers Life Insurance Company purchased a new position in shares of iShares U.S. Infrastructure ETF in the 2nd quarter worth approximately $384,000.

iShares U.S. Infrastructure ETF Stock Down 0.6%

Shares of BATS IFRA opened at $60.92 on Friday. iShares U.S. Infrastructure ETF has a twelve month low of $47.43 and a twelve month high of $63.24. The stock’s 50 day moving average price is $59.69 and its 200-day moving average price is $57.04. The company has a market capitalization of $3.28 billion, a PE ratio of 19.30 and a beta of 0.98.

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.