Midwest Capital Advisors LLC Acquires New Position in iShares U.S. Infrastructure ETF (BATS:IFRA)

Midwest Capital Advisors LLC acquired a new stake in iShares U.S. Infrastructure ETF (BATS:IFRA) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 32,407 shares of the company’s stock, valued at approximately $1,500,000. iShares U.S. Infrastructure ETF comprises about 1.1% of Midwest Capital Advisors LLC’s portfolio, making the stock its 18th biggest holding. Midwest Capital Advisors LLC owned 0.06% of iShares U.S. Infrastructure ETF at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in IFRA. Wharton Business Group LLC increased its stake in iShares U.S. Infrastructure ETF by 37.5% in the third quarter. Wharton Business Group LLC now owns 1,501,800 shares of the company’s stock valued at $70,540,000 after acquiring an additional 409,880 shares during the last quarter. LPL Financial LLC grew its stake in shares of iShares U.S. Infrastructure ETF by 11.8% during the third quarter. LPL Financial LLC now owns 2,166,783 shares of the company’s stock worth $101,774,000 after buying an additional 227,962 shares during the last quarter. Scarborough Advisors LLC grew its stake in shares of iShares U.S. Infrastructure ETF by 100.5% during the fourth quarter. Scarborough Advisors LLC now owns 109,457 shares of the company’s stock worth $5,067,000 after buying an additional 54,853 shares during the last quarter. Merit Financial Group LLC grew its stake in shares of iShares U.S. Infrastructure ETF by 198.3% during the fourth quarter. Merit Financial Group LLC now owns 75,659 shares of the company’s stock worth $3,502,000 after buying an additional 50,296 shares during the last quarter. Finally, Strategic Financial Concepts LLC bought a new stake in shares of iShares U.S. Infrastructure ETF during the fourth quarter worth $2,219,000.

iShares U.S. Infrastructure ETF Trading Down 0.1 %

BATS IFRA opened at $46.74 on Monday. The business’s fifty day moving average is $47.17 and its two-hundred day moving average is $47.25. The company has a market capitalization of $2.57 billion, a PE ratio of 16.71 and a beta of 0.89.

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.