Wells Fargo & Company MN Purchases 50,082 Shares of iShares U.S. Infrastructure ETF (BATS:IFRA)

Wells Fargo & Company MN lifted its position in shares of iShares U.S. Infrastructure ETF (BATS:IFRA) by 11.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 489,918 shares of the company’s stock after buying an additional 50,082 shares during the quarter. Wells Fargo & Company MN’s holdings in iShares U.S. Infrastructure ETF were worth $22,678,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new position in iShares U.S. Infrastructure ETF during the 3rd quarter worth about $27,000. Flagship Wealth Advisors LLC purchased a new stake in shares of iShares U.S. Infrastructure ETF in the 4th quarter worth approximately $46,000. Golden State Wealth Management LLC bought a new position in shares of iShares U.S. Infrastructure ETF during the fourth quarter valued at approximately $105,000. MCF Advisors LLC purchased a new position in iShares U.S. Infrastructure ETF during the fourth quarter valued at approximately $140,000. Finally, WealthTrak Capital Management LLC purchased a new position in iShares U.S. Infrastructure ETF during the fourth quarter valued at approximately $148,000.

iShares U.S. Infrastructure ETF Stock Down 7.1 %

iShares U.S. Infrastructure ETF stock opened at $43.43 on Friday. The firm has a market cap of $2.18 billion, a P/E ratio of 17.93 and a beta of 0.98. The business has a fifty day moving average of $45.61 and a two-hundred day moving average of $47.20. iShares U.S. Infrastructure ETF has a twelve month low of $39.94 and a twelve month high of $51.99.

About iShares U.S. Infrastructure ETF

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.