Evolution Wealth Management Inc. Has $891,000 Stock Position in iShares U.S. Infrastructure ETF $IFRA

Evolution Wealth Management Inc. raised its position in shares of iShares U.S. Infrastructure ETF (BATS:IFRA) by 111.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,573 shares of the company’s stock after acquiring an additional 8,207 shares during the period. Evolution Wealth Management Inc.’s holdings in iShares U.S. Infrastructure ETF were worth $891,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Bank of America Corp DE boosted its holdings in iShares U.S. Infrastructure ETF by 2.2% in 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 boosted its holdings in iShares U.S. Infrastructure ETF by 8.0% during the fourth quarter. LPL Financial LLC now owns 1,149,312 shares of the company’s stock valued at $60,477,000 after purchasing an additional 85,038 shares in the last quarter. Mariner LLC boosted its stake in 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 valued at $53,980,000 after buying an additional 54,428 shares in the last quarter. Hsbc Holdings PLC boosted its stake 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 valued at $39,670,000 after purchasing an additional 54,996 shares in the last quarter. Finally, Cetera Investment Advisers grew its stake in iShares U.S. Infrastructure ETF by 33.7% during the fourth quarter. Cetera Investment Advisers now owns 705,162 shares of the company’s stock worth $37,106,000 after buying an additional 177,590 shares during the last quarter.

iShares U.S. Infrastructure ETF Price Performance

IFRA stock opened at $62.23 on Friday. The business has a fifty day moving average price of $61.62 and a 200 day moving average price of $58.68. The stock has a market capitalization of $3.35 billion, a price-to-earnings ratio of 19.30 and a beta of 0.98. iShares U.S. Infrastructure ETF has a fifty-two week low of $49.47 and a fifty-two week high of $64.25.

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.