17,585 iShares U.S. Infrastructure ETF $IFRA Shares Acquired by Forte Asset Management LLC

Forte Asset Management LLC lifted its stake in shares of iShares U.S. Infrastructure ETF (BATS:IFRA) by 28.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 80,085 shares of the company’s stock after acquiring an additional 17,585 shares during the period. iShares U.S. Infrastructure ETF accounts for approximately 1.8% of Forte Asset Management LLC’s portfolio, making the stock its 19th biggest position. Forte Asset Management LLC’s holdings in iShares U.S. Infrastructure ETF were worth $4,407,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cetera Investment Advisers grew its holdings in shares of iShares U.S. Infrastructure ETF by 52.6% in the first quarter. Cetera Investment Advisers now owns 1,076,201 shares of the company’s stock valued at $61,559,000 after purchasing an additional 371,039 shares during the period. Hsbc Holdings PLC increased its position in iShares U.S. Infrastructure ETF by 0.6% during the first quarter. Hsbc Holdings PLC now owns 758,522 shares of the company’s stock worth $43,387,000 after purchasing an additional 4,617 shares during the last quarter. PNC Financial Services Group Inc. increased its position in iShares U.S. Infrastructure ETF by 5.6% during the first quarter. PNC Financial Services Group Inc. now owns 391,663 shares of the company’s stock worth $22,403,000 after purchasing an additional 20,822 shares during the last quarter. Compound Planning Inc. raised its stake in iShares U.S. Infrastructure ETF by 9.6% during the fourth quarter. Compound Planning Inc. now owns 337,560 shares of the company’s stock worth $17,762,000 after purchasing an additional 29,497 shares during the period. Finally, Envestnet Asset Management Inc. raised its stake in iShares U.S. Infrastructure ETF by 5.5% during the second quarter. Envestnet Asset Management Inc. now owns 329,900 shares of the company’s stock worth $20,797,000 after purchasing an additional 17,288 shares during the period.

iShares U.S. Infrastructure ETF Price Performance

BATS:IFRA opened at $57.24 on Wednesday. The firm has a market capitalization of $3.08 billion, a price-to-earnings ratio of 19.30 and a beta of 0.98. The company’s 50-day moving average is $58.42 and its two-hundred day moving average is $60.04. iShares U.S. Infrastructure ETF has a 1-year low of $50.66 and a 1-year high of $64.25.

iShares U.S. Infrastructure ETF Company 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.