Bouvel Investment Partners LLC lowered its holdings in shares of iShares U.S. Infrastructure ETF (BATS:IFRA – Free Report) by 51.6% in the third quarter, HoldingsChannel reports. The firm owned 51,054 shares of the company’s stock after selling 54,432 shares during the period. Bouvel Investment Partners LLC’s holdings in iShares U.S. Infrastructure ETF were worth $2,810,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Cetera Investment Advisers increased its position in iShares U.S. Infrastructure ETF by 52.6% during the first quarter. Cetera Investment Advisers now owns 1,076,201 shares of the company’s stock worth $61,559,000 after buying an additional 371,039 shares during the last quarter. Atomic Invest LLC lifted its position in shares of iShares U.S. Infrastructure ETF by 7,454.6% in the second quarter. Atomic Invest LLC now owns 96,095 shares of the company’s stock valued at $6,096,000 after buying an additional 94,823 shares during the last quarter. Lane Brothers & Co. Inc. acquired a new stake in shares of iShares U.S. Infrastructure ETF in the fourth quarter valued at approximately $3,724,000. The Manufacturers Life Insurance Company lifted its position in shares of iShares U.S. Infrastructure ETF by 262.9% in the second quarter. The Manufacturers Life Insurance Company now owns 76,720 shares of the company’s stock valued at $4,836,000 after buying an additional 55,580 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its stake 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 worth $39,670,000 after acquiring an additional 54,996 shares during the period.
iShares U.S. Infrastructure ETF Stock Up 0.2%
Shares of BATS IFRA traded up $0.14 during midday trading on Tuesday, hitting $57.24. 310,834 shares of the company’s stock were exchanged, compared to its average volume of 376,355. The firm has a market capitalization of $3.08 billion, a PE ratio of 19.30 and a beta of 0.98. iShares U.S. Infrastructure ETF has a 12 month low of $50.66 and a 12 month high of $64.25. The company’s 50 day moving average price is $58.51 and its 200 day moving average price is $60.04.
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.
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