Concurrent Investment Advisors LLC Purchases 13,421 Shares of iShares U.S. Infrastructure ETF (BATS:IFRA)

Concurrent Investment Advisors LLC grew its position in iShares U.S. Infrastructure ETF (BATS:IFRA) by 94.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,665 shares of the company’s stock after acquiring an additional 13,421 shares during the period. Concurrent Investment Advisors LLC owned about 0.05% of iShares U.S. Infrastructure ETF worth $1,281,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Wilmington Savings Fund Society FSB bought a new position in shares of iShares U.S. Infrastructure ETF in the 3rd quarter valued at about $27,000. Continuum Advisory LLC grew its position in shares of iShares U.S. Infrastructure ETF by 41.8% in the 3rd quarter. Continuum Advisory LLC now owns 1,221 shares of the company’s stock valued at $60,000 after acquiring an additional 360 shares during the period. Financial Advocates Investment Management bought a new position in shares of iShares U.S. Infrastructure ETF in the 3rd quarter valued at about $102,000. Golden State Wealth Management LLC bought a new position in shares of iShares U.S. Infrastructure ETF in the 4th quarter valued at about $105,000. Finally, Cedar Wealth Management LLC grew its position in shares of iShares U.S. Infrastructure ETF by 8.3% in the 3rd quarter. Cedar Wealth Management LLC now owns 2,600 shares of the company’s stock valued at $122,000 after acquiring an additional 200 shares during the period.

iShares U.S. Infrastructure ETF Trading Down 0.1 %

Shares of IFRA opened at $46.74 on Friday. The company has a 50 day moving average price of $47.17 and a 200-day moving average price of $47.23. The company has a market cap of $2.57 billion, a P/E 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.