iShares U.S. Infrastructure ETF (BATS:IFRA) Reaches New 1-Year High – Time to Buy?

iShares U.S. Infrastructure ETF (BATS:IFRA)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as $58.88 and last traded at $58.91, with a volume of 167917 shares changing hands. The stock had previously closed at $58.61.

iShares U.S. Infrastructure ETF Trading Up 0.4%

The stock’s fifty day moving average price is $54.69 and its 200 day moving average price is $53.05. The stock has a market cap of $3.17 billion, a P/E ratio of 19.30 and a beta of 0.98.

Hedge Funds Weigh In On iShares U.S. Infrastructure ETF

Several institutional investors and hedge funds have recently modified their holdings of IFRA. International Assets Investment Management LLC bought a new stake in iShares U.S. Infrastructure ETF during the 4th quarter valued at about $26,000. Bessemer Group Inc. grew its position in iShares U.S. Infrastructure ETF by 226.7% in the 3rd quarter. Bessemer Group Inc. now owns 526 shares of the company’s stock worth $28,000 after purchasing an additional 365 shares during the period. Aventura Private Wealth LLC purchased a new stake in iShares U.S. Infrastructure ETF during the fourth quarter valued at $28,000. High Point Wealth Management LLC purchased a new stake in shares of iShares U.S. Infrastructure ETF during the 4th quarter valued at about $28,000. Finally, Glassman Wealth Services purchased a new stake in iShares U.S. Infrastructure ETF during the fourth quarter valued at approximately $31,000.

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.