Forte Asset Management LLC Makes New Investment in iShares U.S. Infrastructure ETF $IFRA

Forte Asset Management LLC bought a new position in iShares U.S. Infrastructure ETF (BATS:IFRA) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 38,206 shares of the company’s stock, valued at approximately $2,010,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in IFRA. Curi Capital LLC purchased a new position in shares of iShares U.S. Infrastructure ETF in the 2nd quarter valued at approximately $17,612,000. Touchstone Capital Inc. purchased a new stake in iShares U.S. Infrastructure ETF in the third quarter worth $17,683,000. Bank of America Corp DE raised its holdings in iShares U.S. Infrastructure ETF by 2.2% in the third quarter. Bank of America Corp DE now owns 10,015,425 shares of the company’s stock worth $529,015,000 after purchasing an additional 217,548 shares in the last quarter. CW Advisors LLC raised its holdings in iShares U.S. Infrastructure ETF by 925.4% in the second quarter. CW Advisors LLC now owns 150,987 shares of the company’s stock worth $7,427,000 after purchasing an additional 136,263 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its position in iShares U.S. Infrastructure ETF by 18.2% during the third quarter. Raymond James Financial Inc. now owns 457,569 shares of the company’s stock valued at $24,169,000 after buying an additional 70,401 shares during the period.

iShares U.S. Infrastructure ETF Trading Down 0.1%

Shares of IFRA stock opened at $57.65 on Friday. iShares U.S. Infrastructure ETF has a 12 month low of $39.94 and a 12 month high of $60.87. The stock has a market cap of $3.10 billion, a PE ratio of 19.30 and a beta of 0.98. The company’s fifty day moving average price is $58.22 and its 200-day moving average price is $54.90.

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.