Paller Financial Services Inc Makes New $3.31 Million Investment in iShares U.S. Infrastructure ETF $IFRA

Paller Financial Services Inc bought a new stake in shares of iShares U.S. Infrastructure ETF (BATS:IFRA) in the 4th quarter, HoldingsChannel reports. The fund bought 62,899 shares of the company’s stock, valued at approximately $3,310,000. iShares U.S. Infrastructure ETF accounts for about 2.7% of Paller Financial Services Inc’s portfolio, making the stock its 17th biggest holding.

A number of other hedge funds also recently made changes to their positions in the business. PFG Advisors raised its stake in shares of iShares U.S. Infrastructure ETF by 5.1% during the 3rd quarter. PFG Advisors now owns 4,341 shares of the company’s stock worth $229,000 after purchasing an additional 209 shares during the period. Blair William & Co. IL grew its position in iShares U.S. Infrastructure ETF by 3.9% during the third quarter. Blair William & Co. IL now owns 6,321 shares of the company’s stock valued at $334,000 after buying an additional 236 shares during the period. NewEdge Advisors LLC increased its holdings in iShares U.S. Infrastructure ETF by 1.1% during the third quarter. NewEdge Advisors LLC now owns 21,828 shares of the company’s stock worth $1,153,000 after buying an additional 244 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its holdings in iShares U.S. Infrastructure ETF by 5.0% during the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 5,409 shares of the company’s stock worth $286,000 after buying an additional 260 shares during the last quarter. Finally, Arrien Investments Inc. raised its position in iShares U.S. Infrastructure ETF by 0.8% in the third quarter. Arrien Investments Inc. now owns 34,650 shares of the company’s stock worth $1,830,000 after acquiring an additional 277 shares during the period.

iShares U.S. Infrastructure ETF Stock Up 1.7%

IFRA opened at $57.20 on Wednesday. The stock has a market cap of $3.08 billion, a price-to-earnings ratio of 19.30 and a beta of 0.98. iShares U.S. Infrastructure ETF has a twelve month low of $39.94 and a twelve month high of $60.87. The company’s 50-day moving average price is $58.18 and its two-hundred day moving average price is $54.86.

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.