Forte Asset Management LLC Buys 24,271 Shares of iShares U.S. Infrastructure ETF $IFRA

Forte Asset Management LLC raised its stake in shares of iShares U.S. Infrastructure ETF (BATS:IFRA) by 63.5% in the first quarter, Holdings Channel reports. The institutional investor owned 62,477 shares of the company’s stock after buying an additional 24,271 shares during the quarter. iShares U.S. Infrastructure ETF accounts for about 1.6% of Forte Asset Management LLC’s holdings, making the stock its 25th biggest position. Forte Asset Management LLC’s holdings in iShares U.S. Infrastructure ETF were worth $3,574,000 as of its most recent filing with the Securities and Exchange Commission.

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

iShares U.S. Infrastructure ETF Stock Performance

Shares of IFRA stock opened at $62.23 on Friday. The company has a market capitalization of $3.35 billion, a price-to-earnings ratio of 19.30 and a beta of 0.98. iShares U.S. Infrastructure ETF has a one year low of $49.47 and a one year high of $64.25. The company’s 50-day moving average is $61.62 and its 200 day moving average is $58.68.

iShares U.S. Infrastructure ETF 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.