Austin Private Wealth LLC Increases Stock Position in iShares U.S. Infrastructure ETF (BATS:IFRA)

Austin Private Wealth LLC raised its position in iShares U.S. Infrastructure ETF (BATS:IFRA) by 11.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 96,224 shares of the company’s stock after acquiring an additional 9,668 shares during the quarter. Austin Private Wealth LLC owned approximately 0.18% of iShares U.S. Infrastructure ETF worth $4,053,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of IFRA. Cypress Wealth Services LLC grew its position in shares of iShares U.S. Infrastructure ETF by 5.7% in the 2nd quarter. Cypress Wealth Services LLC now owns 46,677 shares of the company’s stock worth $1,966,000 after buying an additional 2,516 shares during the last quarter. Buttonwood Financial Group LLC boosted its holdings in iShares U.S. Infrastructure ETF by 1.2% in the second quarter. Buttonwood Financial Group LLC now owns 55,473 shares of the company’s stock valued at $2,305,000 after acquiring an additional 657 shares in the last quarter. Advocacy Wealth Management Services LLC increased its position in iShares U.S. Infrastructure ETF by 9.9% during the 2nd quarter. Advocacy Wealth Management Services LLC now owns 207,574 shares of the company’s stock valued at $8,743,000 after purchasing an additional 18,614 shares during the period. Simplicity Wealth LLC raised its holdings in iShares U.S. Infrastructure ETF by 15.1% in the 2nd quarter. Simplicity Wealth LLC now owns 25,558 shares of the company’s stock worth $1,076,000 after purchasing an additional 3,356 shares in the last quarter. Finally, Park Avenue Securities LLC lifted its position in shares of iShares U.S. Infrastructure ETF by 0.4% in the 2nd quarter. Park Avenue Securities LLC now owns 700,644 shares of the company’s stock worth $29,511,000 after purchasing an additional 2,848 shares during the period.

iShares U.S. Infrastructure ETF Stock Performance

Shares of IFRA stock traded down $0.29 during midday trading on Friday, reaching $43.67. 143,749 shares of the stock were exchanged. The firm has a market cap of $2.40 billion, a price-to-earnings ratio of 16.71 and a beta of 0.89. The company has a 50-day simple moving average of $43.33 and a 200 day simple moving average of $42.38.

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.