Raymond James & Associates Grows Stock Position in iShares U.S. Infrastructure ETF (BATS:IFRA)

Raymond James & Associates boosted its position in shares of iShares U.S. Infrastructure ETF (BATS:IFRA) by 15.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 80,442 shares of the company’s stock after buying an additional 10,594 shares during the quarter. Raymond James & Associates owned 0.15% of iShares U.S. Infrastructure ETF worth $3,778,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of IFRA. Zions Bancorporation N.A. bought a new position in shares of iShares U.S. Infrastructure ETF during the second quarter valued at approximately $33,000. ORG Partners LLC purchased a new stake in iShares U.S. Infrastructure ETF in the second quarter worth $36,000. Deane Retirement Strategies Inc. bought a new stake in shares of iShares U.S. Infrastructure ETF during the second quarter worth $52,000. LGT Financial Advisors LLC lifted its position in shares of iShares U.S. Infrastructure ETF by 36.6% during the second quarter. LGT Financial Advisors LLC now owns 1,302 shares of the company’s stock worth $55,000 after purchasing an additional 349 shares during the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in shares of iShares U.S. Infrastructure ETF during the second quarter valued at $65,000.

iShares U.S. Infrastructure ETF Stock Down 0.5 %

IFRA stock opened at $46.68 on Monday. The business has a 50 day moving average of $46.36 and a 200-day moving average of $44.47. The stock has a market cap of $2.57 billion, a P/E ratio of 16.71 and a beta of 0.89.

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.