Tcfg Wealth Management LLC Takes Position in iShares U.S. Infrastructure ETF $IFRA

Tcfg Wealth Management LLC acquired a new position in shares of iShares U.S. Infrastructure ETF (BATS:IFRA) in the 3rd quarter, Holdings Channel.com reports. The fund acquired 26,884 shares of the company’s stock, valued at approximately $1,420,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Bessemer Group Inc. boosted its stake in iShares U.S. Infrastructure ETF by 226.7% in the 3rd quarter. Bessemer Group Inc. now owns 526 shares of the company’s stock worth $28,000 after purchasing an additional 365 shares during the period. Root Financial Partners LLC acquired a new stake in shares of iShares U.S. Infrastructure ETF in the 3rd quarter valued at about $32,000. Twin Peaks Wealth Advisors LLC bought a new stake in shares of iShares U.S. Infrastructure ETF in the second quarter valued at about $34,000. Mather Group LLC. acquired a new position in shares of iShares U.S. Infrastructure ETF during the third quarter worth about $34,000. Finally, Activest Wealth Management bought a new position in shares of iShares U.S. Infrastructure ETF during the third quarter worth about $34,000.

iShares U.S. Infrastructure ETF Stock Performance

Shares of iShares U.S. Infrastructure ETF stock opened at $57.02 on Thursday. The business’s 50 day simple moving average is $58.02 and its 200 day simple moving average is $54.54. iShares U.S. Infrastructure ETF has a 52-week low of $39.94 and a 52-week high of $60.87. The firm has a market cap of $3.07 billion, a PE ratio of 19.30 and a beta of 0.98.

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.