Forte Asset Management LLC Acquires 24,271 Shares of iShares U.S. Infrastructure ETF $IFRA

Forte Asset Management LLC lifted its holdings in shares of iShares U.S. Infrastructure ETF (BATS:IFRA) by 63.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 62,477 shares of the company’s stock after acquiring an additional 24,271 shares during the quarter. iShares U.S. Infrastructure ETF makes up 1.6% of Forte Asset Management LLC’s portfolio, making the stock its 25th biggest position. Forte Asset Management LLC owned 0.12% of iShares U.S. Infrastructure ETF worth $3,574,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Bank of America Corp DE increased its position in iShares U.S. Infrastructure ETF by 2.2% during the 3rd quarter. Bank of America Corp DE now owns 10,015,425 shares of the company’s stock valued at $529,015,000 after purchasing an additional 217,548 shares during the period. LPL Financial LLC lifted its position in shares of iShares U.S. Infrastructure ETF by 8.0% in the 4th quarter. LPL Financial LLC now owns 1,149,312 shares of the company’s stock worth $60,477,000 after purchasing an additional 85,038 shares during the period. Mariner LLC lifted its position in shares of iShares U.S. Infrastructure ETF by 5.6% in the 4th quarter. Mariner LLC now owns 1,025,850 shares of the company’s stock worth $53,980,000 after purchasing an additional 54,428 shares during the period. Hsbc Holdings PLC lifted its position in shares of iShares U.S. Infrastructure ETF by 7.9% in the 4th quarter. Hsbc Holdings PLC now owns 753,905 shares of the company’s stock worth $39,670,000 after purchasing an additional 54,996 shares during the period. Finally, Cetera Investment Advisers boosted its stake in shares of iShares U.S. Infrastructure ETF by 33.7% during the 4th quarter. Cetera Investment Advisers now owns 705,162 shares of the company’s stock valued at $37,106,000 after purchasing an additional 177,590 shares in the last quarter.

iShares U.S. Infrastructure ETF Price Performance

Shares of BATS IFRA opened at $62.23 on Friday. iShares U.S. Infrastructure ETF has a 1 year low of $49.47 and a 1 year high of $64.25. The company’s 50-day moving average is $61.62 and its 200 day moving average is $58.68. The stock has a market capitalization of $3.35 billion, a P/E ratio of 19.30 and a beta of 0.98.

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.