iShares U.S. Infrastructure ETF (BATS:IFRA) Sets New 12-Month High – Should You Buy?

Shares of iShares U.S. Infrastructure ETF (BATS:IFRA) hit a new 52-week high on Wednesday . The company traded as high as $63.19 and last traded at $62.87, with a volume of 269709 shares. The stock had previously closed at $62.00.

iShares U.S. Infrastructure ETF Price Performance

The firm has a market capitalization of $3.38 billion, a P/E ratio of 19.30 and a beta of 0.98. The stock has a fifty day simple moving average of $58.90 and a two-hundred day simple moving average of $56.04.

Institutional Investors Weigh In On iShares U.S. Infrastructure ETF

Hedge funds have recently added to or reduced their stakes in the business. International Assets Investment Management LLC bought a new stake in iShares U.S. Infrastructure ETF in the fourth quarter worth approximately $26,000. Merkkuri Wealth Advisors LLC bought a new stake in iShares U.S. Infrastructure ETF in the first quarter worth approximately $26,000. Bayban bought a new stake in iShares U.S. Infrastructure ETF in the fourth quarter worth approximately $27,000. Bessemer Group Inc. increased its holdings in iShares U.S. Infrastructure ETF by 226.7% in the third quarter. Bessemer Group Inc. now owns 526 shares of the company’s stock worth $28,000 after purchasing an additional 365 shares in the last quarter. Finally, Aventura Private Wealth LLC bought a new stake in iShares U.S. Infrastructure ETF in the fourth quarter worth approximately $28,000.

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.