BG Investment Services Inc. Purchases Shares of 88,895 iShares U.S. Infrastructure ETF (BATS:IFRA)

BG Investment Services Inc. acquired a new position in shares of iShares U.S. Infrastructure ETF (BATS:IFRA) in the 4th quarter, HoldingsChannel reports. The fund acquired 88,895 shares of the company’s stock, valued at approximately $4,115,000. iShares U.S. Infrastructure ETF makes up 4.1% of BG Investment Services Inc.’s investment portfolio, making the stock its 7th largest position.

Other large investors also recently made changes to their positions in the company. LPL Financial LLC grew its stake in shares of iShares U.S. Infrastructure ETF by 30.9% in the fourth quarter. LPL Financial LLC now owns 2,836,196 shares of the company’s stock valued at $131,287,000 after buying an additional 669,413 shares in the last quarter. Wharton Business Group LLC grew its position in iShares U.S. Infrastructure ETF by 3.8% in the fourth quarter. Wharton Business Group LLC now owns 1,559,400 shares of the company’s stock valued at $72,185,000 after acquiring an additional 57,600 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of iShares U.S. Infrastructure ETF by 2.4% during the third quarter. JPMorgan Chase & Co. now owns 1,521,971 shares of the company’s stock valued at $71,487,000 after purchasing an additional 36,234 shares during the period. Envestnet Portfolio Solutions Inc. lifted its position in shares of iShares U.S. Infrastructure ETF by 2.4% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 1,061,486 shares of the company’s stock worth $49,136,000 after purchasing an additional 24,660 shares in the last quarter. Finally, Park Avenue Securities LLC boosted its stake in shares of iShares U.S. Infrastructure ETF by 4.4% in the fourth quarter. Park Avenue Securities LLC now owns 720,366 shares of the company’s stock valued at $33,346,000 after purchasing an additional 30,576 shares during the period.

iShares U.S. Infrastructure ETF Price Performance

iShares U.S. Infrastructure ETF stock opened at $45.83 on Wednesday. iShares U.S. Infrastructure ETF has a 12-month low of $40.93 and a 12-month high of $51.99. The company has a market capitalization of $2.21 billion, a price-to-earnings ratio of 19.03 and a beta of 1.05. The firm’s fifty day moving average price is $46.87 and its 200 day moving average price is $47.45.

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.