Quadrant Private Wealth Management LLC Buys 2,069 Shares of iShares U.S. Infrastructure ETF (BATS:IFRA)

Quadrant Private Wealth Management LLC boosted its stake in iShares U.S. Infrastructure ETF (BATS:IFRA) by 13.6% in the 4th quarter, Holdings Channel reports. The firm owned 17,290 shares of the company’s stock after acquiring an additional 2,069 shares during the quarter. Quadrant Private Wealth Management LLC’s holdings in iShares U.S. Infrastructure ETF were worth $800,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Wharton Business Group LLC raised its holdings in shares of iShares U.S. Infrastructure ETF by 37.5% during the 3rd quarter. Wharton Business Group LLC now owns 1,501,800 shares of the company’s stock valued at $70,540,000 after buying an additional 409,880 shares in the last quarter. LPL Financial LLC increased its stake in iShares U.S. Infrastructure ETF by 11.8% in the 3rd quarter. LPL Financial LLC now owns 2,166,783 shares of the company’s stock worth $101,774,000 after purchasing an additional 227,962 shares during the period. Merit Financial Group LLC increased its stake in iShares U.S. Infrastructure ETF by 198.3% in the 4th quarter. Merit Financial Group LLC now owns 75,659 shares of the company’s stock worth $3,502,000 after purchasing an additional 50,296 shares during the period. Strategic Financial Concepts LLC purchased a new position in iShares U.S. Infrastructure ETF in the 4th quarter worth approximately $2,219,000. Finally, Atomi Financial Group Inc. increased its stake in iShares U.S. Infrastructure ETF by 46.1% in the 4th quarter. Atomi Financial Group Inc. now owns 135,903 shares of the company’s stock worth $6,291,000 after purchasing an additional 42,854 shares during the period.

iShares U.S. Infrastructure ETF Stock Up 1.6 %

IFRA opened at $47.54 on Friday. The stock has a market capitalization of $2.61 billion, a PE ratio of 16.71 and a beta of 0.89. The company’s 50-day simple moving average is $47.35 and its 200 day simple moving average is $47.12.

iShares U.S. Infrastructure ETF 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.