Hsbc Holdings PLC Has $39.67 Million Position in iShares U.S. Infrastructure ETF $IFRA

Hsbc Holdings PLC lifted its stake in iShares U.S. Infrastructure ETF (BATS:IFRA) by 7.9% during the fourth quarter, HoldingsChannel reports. The fund owned 753,905 shares of the company’s stock after purchasing an additional 54,996 shares during the quarter. Hsbc Holdings PLC’s holdings in iShares U.S. Infrastructure ETF were worth $39,670,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Bank of America Corp DE grew its stake 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 valued at $529,015,000 after purchasing an additional 217,548 shares in the last quarter. LPL Financial LLC grew its stake in shares of iShares U.S. Infrastructure ETF by 8.0% in the 4th quarter. LPL Financial LLC now owns 1,149,312 shares of the company’s stock valued at $60,477,000 after buying an additional 85,038 shares in the last quarter. Mariner LLC increased its holdings in iShares U.S. Infrastructure ETF by 5.6% in the fourth quarter. Mariner LLC now owns 1,025,850 shares of the company’s stock worth $53,980,000 after buying an additional 54,428 shares during the last quarter. Cetera Investment Advisers raised its position in iShares U.S. Infrastructure ETF by 33.7% during the fourth quarter. Cetera Investment Advisers now owns 705,162 shares of the company’s stock valued at $37,106,000 after acquiring an additional 177,590 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in iShares U.S. Infrastructure ETF by 3.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 483,634 shares of the company’s stock valued at $25,449,000 after acquiring an additional 14,781 shares in the last quarter.

iShares U.S. Infrastructure ETF Stock Down 0.9%

IFRA stock opened at $62.27 on Wednesday. The firm has a 50 day moving average of $61.08 and a two-hundred day moving average of $58.17. iShares U.S. Infrastructure ETF has a 12 month low of $48.12 and a 12 month high of $63.24. The company has a market capitalization of $3.35 billion, a price-to-earnings ratio of 19.30 and a beta of 0.98.

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.