Fifth Third Bancorp Acquires 23,296 Shares of iShares U.S. Infrastructure ETF $IFRA

Fifth Third Bancorp increased its stake in shares of iShares U.S. Infrastructure ETF (BATS:IFRA) by 9,135.7% during the 1st quarter, Holdings Channel reports. The institutional investor owned 23,551 shares of the company’s stock after buying an additional 23,296 shares during the period. Fifth Third Bancorp’s holdings in iShares U.S. Infrastructure ETF were worth $1,347,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. AQR Capital Management LLC raised its stake in shares of iShares U.S. Infrastructure ETF by 76.3% in the first quarter. AQR Capital Management LLC now owns 10,566 shares of the company’s stock worth $476,000 after acquiring an additional 4,574 shares during the last quarter. Focus Partners Wealth lifted its holdings in iShares U.S. Infrastructure ETF by 107.3% during the 1st quarter. Focus Partners Wealth now owns 17,850 shares of the company’s stock worth $805,000 after buying an additional 9,240 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in iShares U.S. Infrastructure ETF by 493.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 896 shares of the company’s stock worth $44,000 after buying an additional 745 shares in the last quarter. Qube Research & Technologies Ltd boosted its position in iShares U.S. Infrastructure ETF by 129.9% in the 2nd quarter. Qube Research & Technologies Ltd now owns 22,336 shares of the company’s stock valued at $1,099,000 after buying an additional 12,620 shares during the last quarter. Finally, The Manufacturers Life Insurance Company bought a new position in iShares U.S. Infrastructure ETF in the 2nd quarter valued at $384,000.

iShares U.S. Infrastructure ETF Stock Performance

BATS IFRA opened at $62.69 on Friday. The stock has a fifty day moving average of $61.68 and a 200-day moving average of $59.60. The stock has a market capitalization of $3.37 billion, a P/E ratio of 19.30 and a beta of 0.98. iShares U.S. Infrastructure ETF has a 52 week low of $49.49 and a 52 week high of $64.25.

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.