iShares U.S. Infrastructure ETF $IFRA Stake Increased by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. increased its holdings in shares of iShares U.S. Infrastructure ETF (BATS:IFRA) by 68.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,797 shares of the company’s stock after buying an additional 16,194 shares during the quarter. Avantax Advisory Services Inc. owned 0.07% of iShares U.S. Infrastructure ETF worth $1,958,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Cetera Investment Advisers boosted its position in iShares U.S. Infrastructure ETF by 1.0% during the 2nd quarter. Cetera Investment Advisers now owns 447,619 shares of the company’s stock worth $22,018,000 after acquiring an additional 4,261 shares during the period. Cascade Financial Partners LLC lifted its position in shares of iShares U.S. Infrastructure ETF by 60.1% in the second quarter. Cascade Financial Partners LLC now owns 16,159 shares of the company’s stock worth $795,000 after purchasing an additional 6,069 shares in the last quarter. Atlantic Union Bankshares Corp acquired a new stake in shares of iShares U.S. Infrastructure ETF during the second quarter worth approximately $83,000. Moors & Cabot Inc. grew its position in iShares U.S. Infrastructure ETF by 3.9% during the second quarter. Moors & Cabot Inc. now owns 8,870 shares of the company’s stock valued at $436,000 after purchasing an additional 329 shares in the last quarter. Finally, Summit Investment Advisory Services LLC acquired a new position in iShares U.S. Infrastructure ETF in the 2nd quarter valued at approximately $320,000.

iShares U.S. Infrastructure ETF Stock Up 10.0%

IFRA stock opened at $51.43 on Friday. The company has a 50 day moving average of $52.55 and a two-hundred day moving average of $50.75. The company has a market cap of $2.77 billion, a price-to-earnings ratio of 19.30 and a beta of 0.98. iShares U.S. Infrastructure ETF has a 12-month low of $39.94 and a 12-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.