Compound Planning Inc. Has $16.27 Million Stock Position in iShares U.S. Infrastructure ETF $IFRA

Compound Planning Inc. raised its position in shares of iShares U.S. Infrastructure ETF (BATS:IFRA) by 23.5% in the third quarter, HoldingsChannel.com reports. The firm owned 308,063 shares of the company’s stock after purchasing an additional 58,521 shares during the quarter. Compound Planning Inc.’s holdings in iShares U.S. Infrastructure ETF were worth $16,272,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Wharton Business Group LLC lifted its position in shares of iShares U.S. Infrastructure ETF by 1.1% in the 3rd quarter. Wharton Business Group LLC now owns 1,715,140 shares of the company’s stock worth $90,594,000 after purchasing an additional 19,360 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in shares of iShares U.S. Infrastructure ETF by 6.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 449,215 shares of the company’s stock worth $22,097,000 after buying an additional 25,257 shares during the period. Cetera Investment Advisers raised its stake in iShares U.S. Infrastructure ETF by 1.0% during the second quarter. Cetera Investment Advisers now owns 447,619 shares of the company’s stock worth $22,018,000 after buying an additional 4,261 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in iShares U.S. Infrastructure ETF by 0.4% in the third quarter. PNC Financial Services Group Inc. now owns 373,402 shares of the company’s stock valued at $19,723,000 after buying an additional 1,345 shares during the period. Finally, Curi Capital LLC acquired a new position in iShares U.S. Infrastructure ETF in the second quarter valued at $17,612,000.

iShares U.S. Infrastructure ETF Trading Down 0.7%

Shares of iShares U.S. Infrastructure ETF stock opened at $59.90 on Tuesday. The business has a 50-day moving average price of $56.06 and a two-hundred day moving average price of $53.69. iShares U.S. Infrastructure ETF has a 1-year low of $39.94 and a 1-year high of $60.87. The company has a market cap of $3.22 billion, a P/E 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.