Northwestern Mutual Wealth Management Co. Buys 14,781 Shares of iShares U.S. Infrastructure ETF $IFRA

Northwestern Mutual Wealth Management Co. increased its stake in shares of iShares U.S. Infrastructure ETF (BATS:IFRA) by 3.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 483,634 shares of the company’s stock after buying an additional 14,781 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in iShares U.S. Infrastructure ETF were worth $25,449,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Bank of America Corp DE grew its holdings in iShares U.S. Infrastructure ETF by 2.2% during the third quarter. Bank of America Corp DE now owns 10,015,425 shares of the company’s stock worth $529,015,000 after buying an additional 217,548 shares in the last quarter. Wharton Business Group LLC grew its holdings in iShares U.S. Infrastructure ETF by 1.1% during the third quarter. Wharton Business Group LLC now owns 1,715,140 shares of the company’s stock worth $90,594,000 after buying an additional 19,360 shares in the last quarter. Mariner LLC grew its holdings in iShares U.S. Infrastructure ETF by 1.9% during the third quarter. Mariner LLC now owns 971,422 shares of the company’s stock worth $51,310,000 after buying an additional 18,372 shares in the last quarter. Raymond James Financial Inc. grew its holdings 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 worth $24,169,000 after buying an additional 70,401 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in iShares U.S. Infrastructure ETF by 0.4% during the third quarter. PNC Financial Services Group Inc. now owns 373,402 shares of the company’s stock worth $19,723,000 after buying an additional 1,345 shares in the last quarter.

iShares U.S. Infrastructure ETF Stock Performance

Shares of iShares U.S. Infrastructure ETF stock opened at $60.92 on Monday. The stock has a fifty day simple moving average of $59.69 and a 200 day simple moving average of $57.07. iShares U.S. Infrastructure ETF has a 12-month low of $47.43 and a 12-month high of $63.24. The company has a market capitalization of $3.28 billion, a P/E ratio of 19.30 and a beta of 0.98.

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.