iShares U.S. Infrastructure ETF (BATS:IFRA) Reaches New 52-Week High – What’s Next?

iShares U.S. Infrastructure ETF (BATS:IFRA)’s stock price hit a new 52-week high during trading on Thursday . The company traded as high as $63.85 and last traded at $63.85, with a volume of 14271 shares. The stock had previously closed at $62.90.

iShares U.S. Infrastructure ETF Stock Performance

The stock has a market cap of $3.45 billion, a PE ratio of 19.30 and a beta of 0.98. The company’s 50-day moving average price is $61.14 and its two-hundred day moving average price is $58.24.

Institutional Investors Weigh In On iShares U.S. Infrastructure ETF

A number of large investors have recently added to or reduced their stakes in the company. Hsbc Holdings PLC raised its holdings in shares of iShares U.S. Infrastructure ETF by 7.9% during the 4th quarter. Hsbc Holdings PLC now owns 753,905 shares of the company’s stock valued at $39,670,000 after buying an additional 54,996 shares in the last quarter. Stratos Wealth Partners LTD. boosted its stake in iShares U.S. Infrastructure ETF by 312.7% in the fourth quarter. Stratos Wealth Partners LTD. now owns 52,353 shares of the company’s stock worth $2,755,000 after buying an additional 39,669 shares in the last quarter. CreativeOne Wealth LLC grew its position in iShares U.S. Infrastructure ETF by 264.0% during the third quarter. CreativeOne Wealth LLC now owns 16,464 shares of the company’s stock valued at $870,000 after acquiring an additional 11,941 shares during the last quarter. Triad Wealth Partners LLC bought a new position in iShares U.S. Infrastructure ETF during the fourth quarter valued at approximately $518,000. Finally, Tcfg Wealth Management LLC bought a new position in iShares U.S. Infrastructure ETF during the third quarter valued at approximately $1,420,000.

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.