Northwestern Mutual Wealth Management Co. Has $25.45 Million Holdings in iShares U.S. Infrastructure ETF $IFRA

Northwestern Mutual Wealth Management Co. grew its position in shares of iShares U.S. Infrastructure ETF (BATS:IFRA) by 3.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 483,634 shares of the company’s stock after acquiring an additional 14,781 shares during the quarter. Northwestern Mutual Wealth Management Co. owned about 0.90% of iShares U.S. Infrastructure ETF worth $25,449,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Global Retirement Partners LLC increased its holdings in shares of iShares U.S. Infrastructure ETF by 3.1% during the fourth quarter. Global Retirement Partners LLC now owns 5,703 shares of the company’s stock valued at $300,000 after acquiring an additional 171 shares in the last quarter. Riverbend Wealth Management LLC increased its holdings in shares of iShares U.S. Infrastructure ETF by 1.6% during the fourth quarter. Riverbend Wealth Management LLC now owns 11,301 shares of the company’s stock valued at $595,000 after acquiring an additional 177 shares in the last quarter. Mascoma Wealth Management LLC increased its holdings in shares of iShares U.S. Infrastructure ETF by 7.9% during the fourth quarter. Mascoma Wealth Management LLC now owns 2,761 shares of the company’s stock valued at $145,000 after acquiring an additional 203 shares in the last quarter. PFG Advisors increased its holdings in shares of iShares U.S. Infrastructure ETF by 5.1% during the third quarter. PFG Advisors now owns 4,341 shares of the company’s stock valued at $229,000 after acquiring an additional 209 shares in the last quarter. Finally, Sovran Advisors LLC increased its holdings in shares of iShares U.S. Infrastructure ETF by 1.3% during the fourth quarter. Sovran Advisors LLC now owns 16,666 shares of the company’s stock valued at $943,000 after acquiring an additional 211 shares in the last quarter.

iShares U.S. Infrastructure ETF Price Performance

BATS IFRA opened at $60.92 on Monday. The company has a market cap of $3.28 billion, a price-to-earnings ratio of 19.30 and a beta of 0.98. iShares U.S. Infrastructure ETF has a 52 week low of $47.43 and a 52 week high of $63.24. The business has a 50 day moving average price of $59.69 and a 200-day moving average price of $57.07.

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.