My Legacy Advisors LLC Makes New Investment in iShares U.S. Infrastructure ETF (BATS:IFRA)

My Legacy Advisors LLC purchased a new position in iShares U.S. Infrastructure ETF (BATS:IFRA) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 14,697 shares of the company’s stock, valued at approximately $619,000.

Other hedge funds have also recently added to or reduced their stakes in the company. ICA Group Wealth Management LLC purchased a new position in iShares U.S. Infrastructure ETF during the 4th quarter worth approximately $34,000. Fifth Third Bancorp grew its position in iShares U.S. Infrastructure ETF by 364.4% during the 1st quarter. Fifth Third Bancorp now owns 808 shares of the company’s stock worth $35,000 after purchasing an additional 634 shares in the last quarter. ORG Partners LLC purchased a new position in iShares U.S. Infrastructure ETF during the 2nd quarter worth approximately $36,000. Deane Retirement Strategies Inc. purchased a new position in iShares U.S. Infrastructure ETF during the 2nd quarter worth approximately $52,000. Finally, Mather Group LLC. purchased a new position in iShares U.S. Infrastructure ETF during the 1st quarter worth approximately $69,000.

iShares U.S. Infrastructure ETF Price Performance

BATS IFRA traded down $0.27 on Friday, hitting $44.45. 141,294 shares of the stock were exchanged. The business’s 50-day moving average price is $43.55 and its 200-day moving average price is $42.65. The company has a market cap of $2.44 billion, a P/E ratio of 16.71 and a beta of 0.89.

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.