Investment Management Corp VA ADV Buys New Shares in iShares U.S. Infrastructure ETF $IFRA

Investment Management Corp VA ADV bought a new stake in shares of iShares U.S. Infrastructure ETF (BATS:IFRA) during the 3rd quarter, HoldingsChannel reports. The institutional investor bought 17,364 shares of the company’s stock, valued at approximately $956,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Parallel Advisors LLC increased its position in iShares U.S. Infrastructure ETF by 72.8% during the third quarter. Parallel Advisors LLC now owns 8,858 shares of the company’s stock valued at $487,000 after acquiring an additional 3,731 shares during the last quarter. S&A Financial Services Inc. raised its stake in shares of iShares U.S. Infrastructure ETF by 7.8% in the third quarter. S&A Financial Services Inc. now owns 23,869 shares of the company’s stock valued at $1,314,000 after acquiring an additional 1,732 shares during the period. Ashton Thomas Private Wealth LLC raised its stake in shares of iShares U.S. Infrastructure ETF by 5.7% in the third quarter. Ashton Thomas Private Wealth LLC now owns 9,622 shares of the company’s stock valued at $530,000 after acquiring an additional 518 shares during the period. Kestra Advisory Services LLC lifted its holdings in shares of iShares U.S. Infrastructure ETF by 5.1% in the 3rd quarter. Kestra Advisory Services LLC now owns 67,065 shares of the company’s stock worth $3,691,000 after acquiring an additional 3,268 shares during the last quarter. Finally, Commonwealth Equity Services LLC bought a new stake in shares of iShares U.S. Infrastructure ETF in the 3rd quarter worth about $17,338,000.

iShares U.S. Infrastructure ETF Trading Down 0.1%

IFRA stock opened at $55.91 on Friday. iShares U.S. Infrastructure ETF has a 12 month low of $50.66 and a 12 month high of $64.25. The company has a 50-day moving average price of $57.17 and a 200 day moving average price of $59.38. The stock has a market cap of $3.01 billion, a PE ratio of 19.30 and a beta of 0.98.

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.