iShares U.S. Infrastructure ETF (BATS:IFRA) Sets New 12-Month High – Here’s Why

Shares of iShares U.S. Infrastructure ETF (BATS:IFRA) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $63.85 and last traded at $63.85, with a volume of 14271 shares trading hands. The stock had previously closed at $62.90.

iShares U.S. Infrastructure ETF Price Performance

The firm has a 50-day simple moving average of $61.32 and a two-hundred day simple moving average of $58.35. The company has a market cap of $3.42 billion, a PE ratio of 19.30 and a beta of 0.98.

Institutional Inflows and Outflows

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

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.