Concurrent Investment Advisors LLC Acquires 13,421 Shares of iShares U.S. Infrastructure ETF (BATS:IFRA)

Concurrent Investment Advisors LLC boosted its holdings in shares of iShares U.S. Infrastructure ETF (BATS:IFRA) by 94.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,665 shares of the company’s stock after acquiring an additional 13,421 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in iShares U.S. Infrastructure ETF were worth $1,281,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in IFRA. Wilmington Savings Fund Society FSB bought a new stake in iShares U.S. Infrastructure ETF during the 3rd quarter worth approximately $27,000. Continuum Advisory LLC grew its holdings in iShares U.S. Infrastructure ETF by 41.8% during the 3rd quarter. Continuum Advisory LLC now owns 1,221 shares of the company’s stock worth $60,000 after acquiring an additional 360 shares during the last quarter. Financial Advocates Investment Management bought a new stake in iShares U.S. Infrastructure ETF during the 3rd quarter worth approximately $102,000. Golden State Wealth Management LLC bought a new stake in iShares U.S. Infrastructure ETF during the 4th quarter worth approximately $105,000. Finally, Cedar Wealth Management LLC grew its holdings in iShares U.S. Infrastructure ETF by 8.3% during the 3rd quarter. Cedar Wealth Management LLC now owns 2,600 shares of the company’s stock worth $122,000 after acquiring an additional 200 shares during the last quarter.

iShares U.S. Infrastructure ETF Stock Performance

BATS:IFRA opened at $46.74 on Friday. The company has a 50 day moving average price of $47.17 and a two-hundred day moving average price of $47.23. The company has a market cap of $2.57 billion, a price-to-earnings 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.