Maripau Wealth Management LLC Makes New Investment in iShares U.S. Infrastructure ETF (BATS:IFRA)

Maripau Wealth Management LLC purchased a new position in iShares U.S. Infrastructure ETF (BATS:IFRA) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,485 shares of the company’s stock, valued at approximately $208,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wilmington Savings Fund Society FSB bought a new position in iShares U.S. Infrastructure ETF during the third quarter valued at approximately $27,000. Continuum Advisory LLC boosted its position in shares of iShares U.S. Infrastructure ETF by 41.8% during 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 last quarter. Financial Advocates Investment Management bought a new position in shares of iShares U.S. Infrastructure ETF during the 3rd quarter valued at approximately $102,000. Golden State Wealth Management LLC bought a new position in shares of iShares U.S. Infrastructure ETF during the 4th quarter valued at approximately $105,000. Finally, Cedar Wealth Management LLC boosted its position in shares of iShares U.S. Infrastructure ETF by 8.3% during 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 last quarter.

iShares U.S. Infrastructure ETF Stock Down 0.3 %

IFRA stock opened at $46.61 on Friday. The company’s 50 day simple moving average is $47.11 and its two-hundred day simple moving average is $47.33. The company has a market capitalization of $2.56 billion, a price-to-earnings ratio of 16.71 and a beta of 0.89.

About iShares U.S. Infrastructure ETF

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.