Equita Financial Network Inc. Makes New Investment in iShares U.S. Infrastructure ETF (BATS:IFRA)

Equita Financial Network Inc. bought a new position in shares of iShares U.S. Infrastructure ETF (BATS:IFRA) in the third quarter, Holdings Channel.com reports. The firm bought 5,199 shares of the company’s stock, valued at approximately $244,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in IFRA. Blair William & Co. IL lifted its holdings in shares of iShares U.S. Infrastructure ETF by 27.2% in the first quarter. Blair William & Co. IL now owns 5,774 shares of the company’s stock worth $250,000 after buying an additional 1,233 shares in the last quarter. CreativeOne Wealth LLC lifted its holdings in shares of iShares U.S. Infrastructure ETF by 41.5% in the first quarter. CreativeOne Wealth LLC now owns 69,001 shares of the company’s stock worth $2,992,000 after buying an additional 20,244 shares in the last quarter. Ascent Group LLC lifted its holdings in shares of iShares U.S. Infrastructure ETF by 6.7% in the first quarter. Ascent Group LLC now owns 26,378 shares of the company’s stock worth $1,144,000 after buying an additional 1,666 shares in the last quarter. Icon Wealth Advisors LLC lifted its holdings in shares of iShares U.S. Infrastructure ETF by 3.4% in the first quarter. Icon Wealth Advisors LLC now owns 69,522 shares of the company’s stock worth $3,014,000 after buying an additional 2,311 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. lifted its holdings in shares of iShares U.S. Infrastructure ETF by 29.6% in the first quarter. B. Riley Wealth Advisors Inc. now owns 54,265 shares of the company’s stock worth $2,353,000 after buying an additional 12,381 shares in the last quarter.

iShares U.S. Infrastructure ETF Stock Performance

Shares of iShares U.S. Infrastructure ETF stock opened at $49.75 on Tuesday. The stock has a 50-day moving average price of $47.35 and a 200-day moving average price of $45.04. The stock has a market capitalization of $2.73 billion, a P/E ratio of 16.71 and a beta of 0.89.

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.