Immaculate Wealth Management LLC Buys New Position in iShares U.S. Infrastructure ETF $IFRA

Immaculate Wealth Management LLC purchased a new position in shares of iShares U.S. Infrastructure ETF (BATS:IFRA) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 12,568 shares of the company’s stock, valued at approximately $719,000. iShares U.S. Infrastructure ETF makes up approximately 5.7% of Immaculate Wealth Management LLC’s portfolio, making the stock its 10th largest position.

Several other hedge funds and other institutional investors have also recently bought and sold shares of IFRA. Western Wealth Management LLC boosted its holdings in iShares U.S. Infrastructure ETF by 84.6% in the 1st quarter. Western Wealth Management LLC now owns 50,371 shares of the company’s stock worth $2,881,000 after acquiring an additional 23,080 shares during the period. Arkadios Wealth Advisors raised its stake in shares of iShares U.S. Infrastructure ETF by 361.4% during the first quarter. Arkadios Wealth Advisors now owns 26,683 shares of the company’s stock valued at $1,526,000 after purchasing an additional 20,900 shares during the period. Sunbelt Securities Inc. lifted its position in shares of iShares U.S. Infrastructure ETF by 22.6% during the first quarter. Sunbelt Securities Inc. now owns 27,461 shares of the company’s stock worth $1,571,000 after purchasing an additional 5,059 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of iShares U.S. Infrastructure ETF by 34.6% during the first quarter. EverSource Wealth Advisors LLC now owns 1,736 shares of the company’s stock worth $99,000 after purchasing an additional 446 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in shares of iShares U.S. Infrastructure ETF by 3.5% during the first quarter. The Manufacturers Life Insurance Company now owns 21,140 shares of the company’s stock worth $1,209,000 after purchasing an additional 720 shares in the last quarter.

iShares U.S. Infrastructure ETF Stock Performance

Shares of IFRA stock opened at $60.57 on Friday. The firm has a fifty day simple moving average of $61.73 and a 200-day simple moving average of $59.84. The company has a market capitalization of $3.26 billion, a PE ratio of 19.30 and a beta of 0.98. iShares U.S. Infrastructure ETF has a twelve month low of $49.49 and a twelve month high of $64.25.

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.