LPL Financial LLC Raises Stock Holdings in iShares U.S. Infrastructure ETF (BATS:IFRA)

LPL Financial LLC increased its position in iShares U.S. Infrastructure ETF (BATS:IFRA) by 2.8% in the second quarter, HoldingsChannel.com reports. The fund owned 1,938,821 shares of the company’s stock after buying an additional 52,669 shares during the period. LPL Financial LLC’s holdings in iShares U.S. Infrastructure ETF were worth $81,663,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IFRA. Brio Consultants LLC raised its stake in shares of iShares U.S. Infrastructure ETF by 1.7% during the 4th quarter. Brio Consultants LLC now owns 169,138 shares of the company’s stock valued at $6,811,000 after buying an additional 2,899 shares during the last quarter. Janney Montgomery Scott LLC purchased a new position in shares of iShares U.S. Infrastructure ETF during the 4th quarter valued at about $18,725,000. SigFig Wealth Management LLC raised its stake in shares of iShares U.S. Infrastructure ETF by 9.8% during the 4th quarter. SigFig Wealth Management LLC now owns 16,295 shares of the company’s stock valued at $656,000 after buying an additional 1,461 shares during the last quarter. Summit X LLC raised its stake in shares of iShares U.S. Infrastructure ETF by 8.6% during the 4th quarter. Summit X LLC now owns 53,126 shares of the company’s stock valued at $2,139,000 after buying an additional 4,205 shares during the last quarter. Finally, Brown Advisory Inc. purchased a new position in shares of iShares U.S. Infrastructure ETF during the 4th quarter valued at about $308,000.

iShares U.S. Infrastructure ETF Price Performance

BATS:IFRA opened at $45.61 on Friday. The firm has a market cap of $2.51 billion, a PE ratio of 16.71 and a beta of 0.89. The company’s 50 day simple moving average is $44.43 and its 200-day simple moving average is $43.24.

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.