Merit Financial Group LLC Grows Stock Position in iShares U.S. Infrastructure ETF (BATS:IFRA)

Merit Financial Group LLC boosted its stake in shares of iShares U.S. Infrastructure ETF (BATS:IFRA) by 12.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 57,956 shares of the company’s stock after purchasing an additional 6,366 shares during the quarter. Merit Financial Group LLC owned approximately 0.11% of iShares U.S. Infrastructure ETF worth $2,334,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Stokes Family Office LLC lifted its stake in iShares U.S. Infrastructure ETF by 3.0% in the fourth quarter. Stokes Family Office LLC now owns 90,394 shares of the company’s stock worth $3,640,000 after acquiring an additional 2,628 shares during the last quarter. Kestra Private Wealth Services LLC increased its holdings in iShares U.S. Infrastructure ETF by 0.6% in the fourth quarter. Kestra Private Wealth Services LLC now owns 71,737 shares of the company’s stock valued at $2,889,000 after buying an additional 404 shares during the last quarter. Choreo LLC raised its stake in iShares U.S. Infrastructure ETF by 7.5% in the fourth quarter. Choreo LLC now owns 19,857 shares of the company’s stock valued at $800,000 after buying an additional 1,384 shares in the last quarter. Stonebrook Private Inc. purchased a new stake in iShares U.S. Infrastructure ETF during the 4th quarter worth about $1,837,000. Finally, Brio Consultants LLC boosted its position in shares of iShares U.S. Infrastructure ETF by 1.7% during the 4th quarter. Brio Consultants LLC now owns 169,138 shares of the company’s stock worth $6,811,000 after acquiring an additional 2,899 shares in the last quarter.

iShares U.S. Infrastructure ETF Stock Performance

Shares of BATS IFRA traded up $0.25 during midday trading on Friday, hitting $42.93. 159,386 shares of the company’s stock were exchanged. The firm has a fifty day simple moving average of $42.05 and a two-hundred day simple moving average of $39.58. The company has a market cap of $2.35 billion, a P/E ratio of 15.97 and a beta of 0.89.

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.