Northwestern Mutual Wealth Management Co. Has $22.10 Million Stock Holdings in iShares U.S. Infrastructure ETF $IFRA

Northwestern Mutual Wealth Management Co. boosted its stake in iShares U.S. Infrastructure ETF (BATS:IFRA) by 6.0% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 449,215 shares of the company’s stock after buying an additional 25,257 shares during the quarter. Northwestern Mutual Wealth Management Co. owned approximately 0.83% of iShares U.S. Infrastructure ETF worth $22,097,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of IFRA. Schmidt P J Investment Management Inc. increased its stake in shares of iShares U.S. Infrastructure ETF by 4.2% in the second quarter. Schmidt P J Investment Management Inc. now owns 5,135 shares of the company’s stock worth $253,000 after acquiring an additional 207 shares during the last quarter. Moors & Cabot Inc. increased its position in iShares U.S. Infrastructure ETF by 3.9% in the 2nd quarter. Moors & Cabot Inc. now owns 8,870 shares of the company’s stock worth $436,000 after purchasing an additional 329 shares during the last quarter. Riverbend Wealth Management LLC raised its stake in shares of iShares U.S. Infrastructure ETF by 3.2% during the 2nd quarter. Riverbend Wealth Management LLC now owns 11,196 shares of the company’s stock worth $551,000 after purchasing an additional 349 shares in the last quarter. Redwood Investment Management LLC lifted its holdings in shares of iShares U.S. Infrastructure ETF by 7.2% during the 1st quarter. Redwood Investment Management LLC now owns 6,054 shares of the company’s stock valued at $273,000 after buying an additional 409 shares during the last quarter. Finally, Clune & Associates LTD. lifted its holdings in shares of iShares U.S. Infrastructure ETF by 3.4% during the 2nd quarter. Clune & Associates LTD. now owns 13,054 shares of the company’s stock valued at $642,000 after buying an additional 434 shares during the last quarter.

iShares U.S. Infrastructure ETF Stock Performance

BATS:IFRA opened at $53.66 on Monday. The company has a market capitalization of $2.89 billion, a P/E ratio of 19.30 and a beta of 0.98. The stock’s 50 day moving average price is $52.67 and its 200 day moving average price is $51.01. iShares U.S. Infrastructure ETF has a 52 week low of $39.94 and a 52 week high of $51.99.

About iShares U.S. Infrastructure ETF

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.