Bush Investment Group LLC Raises Holdings in iShares U.S. Infrastructure ETF (BATS:IFRA)

Bush Investment Group LLC increased its position in shares of iShares U.S. Infrastructure ETF (BATS:IFRA) by 5.7% in the 3rd quarter, Holdings Channel reports. The firm owned 7,277 shares of the company’s stock after purchasing an additional 392 shares during the period. iShares U.S. Infrastructure ETF accounts for approximately 0.3% of Bush Investment Group LLC’s portfolio, making the stock its 27th largest position. Bush Investment Group LLC’s holdings in iShares U.S. Infrastructure ETF were worth $342,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. grew its holdings in iShares U.S. Infrastructure ETF by 3.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 6,913,506 shares of the company’s stock valued at $291,197,000 after buying an additional 209,698 shares in the last quarter. LPL Financial LLC grew its holdings in iShares U.S. Infrastructure ETF by 11.8% in the 3rd quarter. LPL Financial LLC now owns 2,166,783 shares of the company’s stock valued at $101,774,000 after buying an additional 227,962 shares in the last quarter. Wharton Business Group LLC lifted its stake in shares of iShares U.S. Infrastructure ETF by 37.5% in the 3rd quarter. Wharton Business Group LLC now owns 1,501,800 shares of the company’s stock valued at $70,540,000 after purchasing an additional 409,880 shares during the last quarter. CWM LLC lifted its stake in shares of iShares U.S. Infrastructure ETF by 1.5% in the 3rd quarter. CWM LLC now owns 880,524 shares of the company’s stock valued at $41,358,000 after purchasing an additional 13,426 shares during the last quarter. Finally, MML Investors Services LLC lifted its stake in shares of iShares U.S. Infrastructure ETF by 3.8% in the 3rd quarter. MML Investors Services LLC now owns 630,423 shares of the company’s stock valued at $29,611,000 after purchasing an additional 23,053 shares during the last quarter.

iShares U.S. Infrastructure ETF Trading Down 0.9 %

Shares of iShares U.S. Infrastructure ETF stock opened at $49.08 on Friday. The company has a 50 day simple moving average of $48.94 and a two-hundred day simple moving average of $45.84. The firm has a market cap of $2.70 billion, a price-to-earnings ratio of 16.71 and a beta of 0.89.

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.