Focus Financial Network Inc. Raises Position in iShares U.S. Infrastructure ETF (BATS:IFRA)

Focus Financial Network Inc. grew its holdings in shares of iShares U.S. Infrastructure ETF (BATS:IFRA) by 1.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,847 shares of the company’s stock after acquiring an additional 389 shares during the period. Focus Financial Network Inc.’s holdings in iShares U.S. Infrastructure ETF were worth $1,112,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of IFRA. Scarborough Advisors LLC raised its stake in iShares U.S. Infrastructure ETF by 1,247.5% during the 4th quarter. Scarborough Advisors LLC now owns 1,161,893 shares of the company’s stock valued at $46,789,000 after purchasing an additional 1,075,667 shares during the period. Janney Montgomery Scott LLC purchased a new position in shares of iShares U.S. Infrastructure ETF in the fourth quarter worth $18,725,000. Cetera Investment Advisers boosted its position in shares of iShares U.S. Infrastructure ETF by 155.2% during the first quarter. Cetera Investment Advisers now owns 501,707 shares of the company’s stock worth $21,754,000 after acquiring an additional 305,141 shares during the last quarter. Hsbc Holdings PLC grew its stake in iShares U.S. Infrastructure ETF by 35.7% during the fourth quarter. Hsbc Holdings PLC now owns 680,734 shares of the company’s stock valued at $27,413,000 after acquiring an additional 179,229 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in iShares U.S. Infrastructure ETF by 2.4% during the fourth quarter. Envestnet Asset Management Inc. now owns 6,993,830 shares of the company’s stock valued at $281,642,000 after acquiring an additional 163,064 shares in the last quarter.

iShares U.S. Infrastructure ETF Stock Down 0.6 %

IFRA stock traded down $0.28 during mid-day trading on Tuesday, hitting $44.29. The company had a trading volume of 192,865 shares. The company has a market capitalization of $2.43 billion, a P/E ratio of 16.71 and a beta of 0.89. The firm’s 50-day moving average price is $43.44 and its 200-day moving average price is $42.59.

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.