Apollon Wealth Management LLC Has $1.47 Million Stock Holdings in iShares U.S. Infrastructure ETF (BATS:IFRA)

Apollon Wealth Management LLC grew its stake in iShares U.S. Infrastructure ETF (BATS:IFRA) by 7.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 36,419 shares of the company’s stock after buying an additional 2,491 shares during the period. Apollon Wealth Management LLC’s holdings in iShares U.S. Infrastructure ETF were worth $1,467,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Wharton Business Group LLC raised its holdings in iShares U.S. Infrastructure ETF by 196.1% in the third quarter. Wharton Business Group LLC now owns 1,068,950 shares of the company’s stock worth $39,113,000 after purchasing an additional 707,935 shares during the period. Envestnet Portfolio Solutions Inc. bought a new position in iShares U.S. Infrastructure ETF during the third quarter worth about $33,812,000. CWM LLC grew its stake in iShares U.S. Infrastructure ETF by 2.9% in the fourth quarter. CWM LLC now owns 887,402 shares of the company’s stock valued at $35,736,000 after acquiring an additional 25,254 shares during the period. Mariner LLC increased its holdings in shares of iShares U.S. Infrastructure ETF by 8.2% in the third quarter. Mariner LLC now owns 673,151 shares of the company’s stock worth $24,630,000 after acquiring an additional 50,902 shares in the last quarter. Finally, Hsbc Holdings PLC acquired a new stake in shares of iShares U.S. Infrastructure ETF during the third quarter worth about $18,350,000.

iShares U.S. Infrastructure ETF Stock Performance

Shares of IFRA opened at $43.67 on Thursday. The company has a market capitalization of $2.39 billion, a price-to-earnings ratio of 15.97 and a beta of 0.89. The firm has a fifty day moving average of $42.25 and a 200 day moving average of $39.77.

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.