Alpha Financial Partners LLC Has $1.25 Million Stake in iShares U.S. Infrastructure ETF $IFRA

Alpha Financial Partners LLC lowered its stake in iShares U.S. Infrastructure ETF (BATS:IFRA) by 40.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,811 shares of the company’s stock after selling 15,062 shares during the quarter. iShares U.S. Infrastructure ETF makes up approximately 0.7% of Alpha Financial Partners LLC’s investment portfolio, making the stock its 24th largest position. Alpha Financial Partners LLC’s holdings in iShares U.S. Infrastructure ETF were worth $1,248,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Merkkuri Wealth Advisors LLC bought a new position in iShares U.S. Infrastructure ETF in the 1st quarter valued at approximately $26,000. International Assets Investment Management LLC bought a new stake in shares of iShares U.S. Infrastructure ETF during the fourth quarter worth $26,000. Bayban bought a new stake in shares of iShares U.S. Infrastructure ETF during the fourth quarter worth $27,000. Aventura Private Wealth LLC acquired a new position in shares of iShares U.S. Infrastructure ETF during the fourth quarter worth $28,000. Finally, High Point Wealth Management LLC acquired a new position in shares of iShares U.S. Infrastructure ETF during the fourth quarter worth $28,000.

iShares U.S. Infrastructure ETF Stock Performance

Shares of IFRA opened at $61.11 on Wednesday. iShares U.S. Infrastructure ETF has a 52 week low of $49.49 and a 52 week high of $64.25. The stock has a market capitalization of $3.29 billion, a price-to-earnings ratio of 19.30 and a beta of 0.98. The stock has a fifty day moving average of $61.60 and a 200-day moving average of $59.44.

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.