iShares U.S. Infrastructure ETF (BATS:IFRA) Shares Bought by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. raised its holdings in shares of iShares U.S. Infrastructure ETF (BATS:IFRA) by 1.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 564,544 shares of the company’s stock after acquiring an additional 6,292 shares during the quarter. PNC Financial Services Group Inc.’s holdings in iShares U.S. Infrastructure ETF were worth $26,517,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Wharton Business Group LLC boosted its position 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 worth $70,540,000 after purchasing an additional 409,880 shares in the last quarter. Cetera Investment Advisers increased its position in iShares U.S. Infrastructure ETF by 155.2% during the 1st quarter. Cetera Investment Advisers now owns 501,707 shares of the company’s stock worth $21,754,000 after purchasing an additional 305,141 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in shares of iShares U.S. Infrastructure ETF during the second quarter worth about $12,791,000. Kestra Investment Management LLC purchased a new stake in shares of iShares U.S. Infrastructure ETF during the second quarter valued at approximately $11,516,000. Finally, Envestnet Asset Management Inc. increased its stake in shares of iShares U.S. Infrastructure ETF by 3.1% in the second quarter. Envestnet Asset Management Inc. now owns 6,913,506 shares of the company’s stock worth $291,197,000 after buying an additional 209,698 shares during the last quarter.

iShares U.S. Infrastructure ETF Trading Up 1.8 %

Shares of BATS:IFRA opened at $50.87 on Friday. The company has a market cap of $2.80 billion, a P/E ratio of 16.71 and a beta of 0.89. The firm’s fifty day simple moving average is $47.70 and its 200-day simple moving average is $45.16.

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.