Financial Advocates Investment Management Acquires New Stake in iShares U.S. Infrastructure ETF (BATS:IFRA)

Financial Advocates Investment Management purchased a new position in iShares U.S. Infrastructure ETF (BATS:IFRA) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 2,168 shares of the company’s stock, valued at approximately $102,000.

A number of other large investors have also recently bought and sold shares of IFRA. Brookstone Capital Management raised its stake in iShares U.S. Infrastructure ETF by 7.9% during the 2nd quarter. Brookstone Capital Management now owns 33,139 shares of the company’s stock worth $1,484,000 after buying an additional 2,425 shares during the period. Strategic Blueprint LLC grew its position in iShares U.S. Infrastructure ETF by 0.8% in the 2nd quarter. Strategic Blueprint LLC now owns 45,883 shares of the company’s stock worth $1,933,000 after purchasing an additional 378 shares in the last quarter. Zions Bancorporation N.A. purchased a new stake in iShares U.S. Infrastructure ETF in the 2nd quarter valued at about $33,000. Mather Group LLC. lifted its holdings in iShares U.S. Infrastructure ETF by 52.0% during the second quarter. Mather Group LLC. now owns 2,603 shares of the company’s stock worth $113,000 after acquiring an additional 891 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC raised its stake in shares of iShares U.S. Infrastructure ETF by 19.2% during the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 6,804 shares of the company’s stock worth $287,000 after purchasing an additional 1,095 shares during the period.

iShares U.S. Infrastructure ETF Trading Up 0.0 %

IFRA opened at $46.69 on Tuesday. The company has a fifty day moving average of $46.36 and a 200-day moving average of $44.49. The stock has a market capitalization of $2.57 billion, a PE ratio of 16.71 and a beta of 0.89.

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.