Merkkuri Wealth Advisors LLC Purchases Shares of 4,865 iShares U.S. Infrastructure ETF (BATS:IFRA)

Merkkuri Wealth Advisors LLC acquired a new position in iShares U.S. Infrastructure ETF (BATS:IFRA) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,865 shares of the company’s stock, valued at approximately $229,000.

Other large investors also recently modified their holdings of the company. Zions Bancorporation N.A. bought a new stake in iShares U.S. Infrastructure ETF during the second quarter worth $33,000. ORG Partners LLC purchased a new stake in shares of iShares U.S. Infrastructure ETF in the second quarter valued at about $36,000. Deane Retirement Strategies Inc. purchased a new stake in shares of iShares U.S. Infrastructure ETF in the second quarter valued at about $52,000. LGT Financial Advisors LLC lifted its position in shares of iShares U.S. Infrastructure ETF by 36.6% during the second quarter. LGT Financial Advisors LLC now owns 1,302 shares of the company’s stock valued at $55,000 after purchasing an additional 349 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new position in iShares U.S. Infrastructure ETF during the second quarter worth about $65,000.

iShares U.S. Infrastructure ETF Stock Performance

BATS:IFRA opened at $47.34 on Friday. The company has a 50 day moving average price of $46.07 and a 200-day moving average price of $44.26. The stock has a market cap of $2.60 billion, a price-to-earnings 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.