Sumitomo Life Insurance Co. Boosts Stock Holdings in iShares U.S. Infrastructure ETF $IFRA

Sumitomo Life Insurance Co. increased its position in shares of iShares U.S. Infrastructure ETF (BATS:IFRA) by 161.6% in the 4th quarter, HoldingsChannel reports. The firm owned 196,700 shares of the company’s stock after purchasing an additional 121,500 shares during the period. Sumitomo Life Insurance Co.’s holdings in iShares U.S. Infrastructure ETF were worth $10,350,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in IFRA. International Assets Investment Management LLC purchased a new position in iShares U.S. Infrastructure ETF during the fourth quarter worth about $26,000. Bessemer Group Inc. raised its holdings in iShares U.S. Infrastructure ETF by 226.7% during 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. Aventura Private Wealth LLC purchased a new position in iShares U.S. Infrastructure ETF during the fourth quarter worth about $28,000. High Point Wealth Management LLC purchased a new position in iShares U.S. Infrastructure ETF during the fourth quarter worth about $28,000. Finally, Glassman Wealth Services purchased a new position in iShares U.S. Infrastructure ETF during the fourth quarter worth about $31,000.

iShares U.S. Infrastructure ETF Stock Up 1.3%

BATS IFRA opened at $62.05 on Friday. The stock has a market capitalization of $3.34 billion, a P/E ratio of 19.30 and a beta of 0.98. iShares U.S. Infrastructure ETF has a 52-week low of $47.60 and a 52-week high of $63.24. The firm has a 50-day moving average price of $60.57 and a 200 day moving average price of $57.68.

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.