iShares U.S. Infrastructure ETF (BATS:IFRA) Shares Up 0.4% – Here’s Why

Shares of iShares U.S. Infrastructure ETF (BATS:IFRA) were up 0.4% during trading on Wednesday . The stock traded as high as $58.66 and last traded at $58.63. 410,280 shares were traded during trading, an increase of 9% from the average session volume of 376,725 shares. The stock had previously closed at $58.39.

iShares U.S. Infrastructure ETF Stock Up 0.4%

The firm has a market capitalization of $3.15 billion, a price-to-earnings ratio of 19.30 and a beta of 0.98. The stock has a 50 day moving average of $61.25 and a 200 day moving average of $60.41.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of IFRA. Hsbc Holdings PLC boosted its holdings in iShares U.S. Infrastructure ETF by 7.9% in the fourth quarter. Hsbc Holdings PLC now owns 753,905 shares of the company’s stock worth $39,670,000 after purchasing an additional 54,996 shares during the period. Hoge Financial Services LLC raised its holdings in shares of iShares U.S. Infrastructure ETF by 22.7% during the first quarter. Hoge Financial Services LLC now owns 65,877 shares of the company’s stock worth $3,768,000 after purchasing an additional 12,203 shares during the period. Sumitomo Life Insurance Co. raised its holdings in shares of iShares U.S. Infrastructure ETF by 161.6% during the fourth quarter. Sumitomo Life Insurance Co. now owns 196,700 shares of the company’s stock worth $10,350,000 after purchasing an additional 121,500 shares during the period. Banque Cantonale Vaudoise bought a new position in shares of iShares U.S. Infrastructure ETF in the 1st quarter worth about $1,139,000. Finally, Evolution Wealth Management Inc. lifted its position in shares of iShares U.S. Infrastructure ETF by 111.4% in the 1st quarter. Evolution Wealth Management Inc. now owns 15,573 shares of the company’s stock worth $891,000 after buying an additional 8,207 shares during the last quarter.

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.