Mayflower Financial Advisors LLC Acquires 950 Shares of iShares U.S. Infrastructure ETF (BATS:IFRA)

Mayflower Financial Advisors LLC boosted its holdings in shares of iShares U.S. Infrastructure ETF (BATS:IFRA) by 4.7% in the fourth quarter, Holdings Channel reports. The firm owned 21,211 shares of the company’s stock after purchasing an additional 950 shares during the quarter. Mayflower Financial Advisors LLC’s holdings in iShares U.S. Infrastructure ETF were worth $982,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of iShares U.S. Infrastructure ETF during the 3rd quarter worth about $27,000. Continuum Advisory LLC increased its holdings in shares of iShares U.S. Infrastructure ETF by 41.8% during the third quarter. Continuum Advisory LLC now owns 1,221 shares of the company’s stock worth $60,000 after buying an additional 360 shares in the last quarter. Gilliland Jeter Wealth Management LLC raised its stake in shares of iShares U.S. Infrastructure ETF by 38.1% in the third quarter. Gilliland Jeter Wealth Management LLC now owns 1,483 shares of the company’s stock valued at $70,000 after acquiring an additional 409 shares during the last quarter. Financial Advocates Investment Management acquired a new position in shares of iShares U.S. Infrastructure ETF in the 3rd quarter worth approximately $102,000. Finally, Cedar Wealth Management LLC grew its position in iShares U.S. Infrastructure ETF by 8.3% during the 3rd quarter. Cedar Wealth Management LLC now owns 2,600 shares of the company’s stock worth $122,000 after acquiring an additional 200 shares during the last quarter.

iShares U.S. Infrastructure ETF Trading Up 1.0 %

Shares of IFRA opened at $47.23 on Wednesday. The company has a market cap of $2.60 billion, a P/E ratio of 16.71 and a beta of 0.89. The company has a 50-day simple moving average of $48.27 and a two-hundred day simple moving average of $46.91.

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.