Alpha Financial Partners LLC Has $1.25 Million Position in iShares U.S. Infrastructure ETF $IFRA

Alpha Financial Partners LLC lessened its holdings in iShares U.S. Infrastructure ETF (BATS:IFRA) by 40.8% in the first quarter, Holdings Channel reports. The institutional investor owned 21,811 shares of the company’s stock after selling 15,062 shares during the period. iShares U.S. Infrastructure ETF accounts for approximately 0.7% of Alpha Financial Partners LLC’s holdings, making the stock its 24th largest position. Alpha Financial Partners LLC’s holdings in iShares U.S. Infrastructure ETF were worth $1,248,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. International Assets Investment Management LLC acquired a new position in iShares U.S. Infrastructure ETF in the 4th quarter valued at approximately $26,000. Merkkuri Wealth Advisors LLC bought a new position in shares of iShares U.S. Infrastructure ETF during the first quarter valued at $26,000. Bayban acquired a new position in shares of iShares U.S. Infrastructure ETF during the fourth quarter worth $27,000. Aventura Private Wealth LLC acquired a new position in shares of iShares U.S. Infrastructure ETF during the fourth quarter worth $28,000. Finally, High Point Wealth Management LLC bought a new stake in shares of iShares U.S. Infrastructure ETF in the fourth quarter worth $28,000.

iShares U.S. Infrastructure ETF Stock Up 0.4%

BATS IFRA opened at $61.11 on Wednesday. The company has a market capitalization of $3.29 billion, a price-to-earnings ratio of 19.30 and a beta of 0.98. iShares U.S. Infrastructure ETF has a twelve month low of $49.49 and a twelve month high of $64.25. The stock has a fifty day simple moving average of $61.60 and a 200 day simple moving average of $59.44.

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.