Assetmark Inc. Has $82,000 Stake in iShares U.S. Infrastructure ETF (BATS:IFRA)

Assetmark Inc. reduced its stake in iShares U.S. Infrastructure ETF (BATS:IFRA) by 90.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,827 shares of the company’s stock after selling 17,121 shares during the period. Assetmark Inc.’s holdings in iShares U.S. Infrastructure ETF were worth $82,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in IFRA. Bank of America Corp DE boosted its stake in shares of iShares U.S. Infrastructure ETF by 86.2% in the fourth quarter. Bank of America Corp DE now owns 10,016,976 shares of the company’s stock valued at $463,686,000 after buying an additional 4,636,315 shares during the period. Raymond James Financial Inc. bought a new stake in iShares U.S. Infrastructure ETF during the fourth quarter worth $19,464,000. Ameriprise Financial Inc. lifted its stake in iShares U.S. Infrastructure ETF by 32.6% during the fourth quarter. Ameriprise Financial Inc. now owns 857,864 shares of the company’s stock worth $39,701,000 after purchasing an additional 211,018 shares during the last quarter. Elios Financial Group Inc. lifted its stake in iShares U.S. Infrastructure ETF by 1,107.6% during the fourth quarter. Elios Financial Group Inc. now owns 133,795 shares of the company’s stock worth $6,193,000 after purchasing an additional 122,716 shares during the last quarter. Finally, Sumitomo Life Insurance Co. lifted its stake in iShares U.S. Infrastructure ETF by 1,527.6% during the first quarter. Sumitomo Life Insurance Co. now owns 123,700 shares of the company’s stock worth $5,575,000 after purchasing an additional 116,100 shares during the last quarter.

iShares U.S. Infrastructure ETF Price Performance

BATS IFRA opened at $50.53 on Tuesday. iShares U.S. Infrastructure ETF has a fifty-two week low of $39.94 and a fifty-two week high of $51.99. The business has a fifty day moving average price of $49.44 and a two-hundred day moving average price of $47.24. The stock has a market capitalization of $2.72 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.