Herbst Group LLC Invests $1.17 Million in iShares U.S. Infrastructure ETF $IFRA

Herbst Group LLC purchased a new stake in iShares U.S. Infrastructure ETF (BATS:IFRA) in the fourth quarter, Holdings Channel reports. The firm purchased 22,142 shares of the company’s stock, valued at approximately $1,165,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Paller Financial Services Inc acquired a new position in iShares U.S. Infrastructure ETF in the fourth quarter worth $3,310,000. Lewis Asset Management LLC acquired a new stake in shares of iShares U.S. Infrastructure ETF during the fourth quarter worth $201,000. Wealthcare Capital Partners LLC raised its holdings in shares of iShares U.S. Infrastructure ETF by 8.5% during the fourth quarter. Wealthcare Capital Partners LLC now owns 24,908 shares of the company’s stock worth $1,311,000 after purchasing an additional 1,959 shares during the period. Wealthcare Advisory Partners LLC lifted its position in shares of iShares U.S. Infrastructure ETF by 4.3% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 157,241 shares of the company’s stock worth $8,274,000 after buying an additional 6,513 shares during the last quarter. Finally, Evolution Wealth Advisors LLC bought a new position in shares of iShares U.S. Infrastructure ETF in the 4th quarter worth about $327,000.

iShares U.S. Infrastructure ETF Stock Performance

BATS IFRA opened at $57.69 on Thursday. iShares U.S. Infrastructure ETF has a one year low of $39.94 and a one year high of $60.87. The company has a 50-day simple moving average of $58.20 and a 200-day simple moving average of $54.88. The firm has a market capitalization of $3.10 billion, a PE 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.