Arrien Investments Inc. Invests $1.65 Million in iShares U.S. Infrastructure ETF (BATS:IFRA)

Arrien Investments Inc. acquired a new stake in iShares U.S. Infrastructure ETF (BATS:IFRA) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 34,445 shares of the company’s stock, valued at approximately $1,650,000. iShares U.S. Infrastructure ETF comprises about 1.2% of Arrien Investments Inc.’s investment portfolio, making the stock its 15th biggest position. Arrien Investments Inc. owned about 0.06% of iShares U.S. Infrastructure ETF as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. LPL Financial LLC increased its holdings in iShares U.S. Infrastructure ETF by 11.8% in the 3rd quarter. LPL Financial LLC now owns 2,166,783 shares of the company’s stock worth $101,774,000 after acquiring an additional 227,962 shares in the last quarter. Wharton Business Group LLC grew its position in iShares U.S. Infrastructure ETF by 3.8% in the fourth quarter. Wharton Business Group LLC now owns 1,559,400 shares of the company’s stock worth $72,185,000 after acquiring an additional 57,600 shares during the period. JPMorgan Chase & Co. increased its position in shares of iShares U.S. Infrastructure ETF by 2.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,521,971 shares of the company’s stock worth $71,487,000 after purchasing an additional 36,234 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in shares of iShares U.S. Infrastructure ETF by 2.4% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 1,061,486 shares of the company’s stock valued at $49,136,000 after acquiring an additional 24,660 shares during the period. Finally, Park Avenue Securities LLC raised its position in iShares U.S. Infrastructure ETF by 4.4% in the fourth quarter. Park Avenue Securities LLC now owns 720,366 shares of the company’s stock valued at $33,346,000 after purchasing an additional 30,576 shares during the period.

iShares U.S. Infrastructure ETF Trading Down 1.8 %

BATS IFRA opened at $45.92 on Monday. The stock has a market capitalization of $2.36 billion, a price-to-earnings ratio of 19.01 and a beta of 1.05. The company has a 50 day simple moving average of $46.88 and a 200 day simple moving average of $47.39.

iShares U.S. Infrastructure ETF 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.