Apollon Wealth Management LLC Grows Position in iShares U.S. Infrastructure ETF (BATS:IFRA)

Apollon Wealth Management LLC increased its holdings in iShares U.S. Infrastructure ETF (BATS:IFRA) by 5.4% during the 3rd quarter, HoldingsChannel reports. The firm owned 20,851 shares of the company’s stock after buying an additional 1,070 shares during the period. Apollon Wealth Management LLC’s holdings in iShares U.S. Infrastructure ETF were worth $979,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Envestnet Asset Management Inc. increased its position in iShares U.S. Infrastructure ETF by 3.1% during the second quarter. Envestnet Asset Management Inc. now owns 6,913,506 shares of the company’s stock valued at $291,197,000 after acquiring an additional 209,698 shares during the last quarter. LPL Financial LLC increased its position in iShares U.S. Infrastructure ETF by 2.8% during the second quarter. LPL Financial LLC now owns 1,938,821 shares of the company’s stock valued at $81,663,000 after acquiring an additional 52,669 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its position in iShares U.S. Infrastructure ETF by 2.9% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 992,639 shares of the company’s stock valued at $41,810,000 after acquiring an additional 28,235 shares during the last quarter. CWM LLC increased its position in iShares U.S. Infrastructure ETF by 1.5% during the third quarter. CWM LLC now owns 880,524 shares of the company’s stock valued at $41,358,000 after acquiring an additional 13,426 shares during the last quarter. Finally, Park Avenue Securities LLC increased its position in iShares U.S. Infrastructure ETF by 0.4% during the second quarter. Park Avenue Securities LLC now owns 700,644 shares of the company’s stock valued at $29,511,000 after acquiring an additional 2,848 shares during the last quarter.

iShares U.S. Infrastructure ETF Price Performance

Shares of IFRA opened at $49.29 on Friday. The stock has a market capitalization of $2.71 billion, a price-to-earnings ratio of 16.71 and a beta of 0.89. The company’s 50-day moving average is $47.23 and its two-hundred day moving average is $44.95.

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.