Gateway Wealth Partners LLC Purchases 584 Shares of iShares U.S. Infrastructure ETF (BATS:IFRA)

Gateway Wealth Partners LLC boosted its stake in iShares U.S. Infrastructure ETF (BATS:IFRA) by 7.7% in the third quarter, HoldingsChannel reports. The firm owned 8,209 shares of the company’s stock after acquiring an additional 584 shares during the period. Gateway Wealth Partners LLC’s holdings in iShares U.S. Infrastructure ETF were worth $386,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Envestnet Asset Management Inc. increased its holdings in iShares U.S. Infrastructure ETF by 3.1% in the second quarter. Envestnet Asset Management Inc. now owns 6,913,506 shares of the company’s stock valued at $291,197,000 after purchasing an additional 209,698 shares during the last quarter. LPL Financial LLC increased its holdings in iShares U.S. Infrastructure ETF by 2.8% in the second quarter. LPL Financial LLC now owns 1,938,821 shares of the company’s stock valued at $81,663,000 after purchasing an additional 52,669 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in iShares U.S. Infrastructure ETF by 2.9% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 992,639 shares of the company’s stock valued at $41,810,000 after purchasing an additional 28,235 shares during the last quarter. CWM LLC increased its holdings in iShares U.S. Infrastructure ETF by 1.5% in the third quarter. CWM LLC now owns 880,524 shares of the company’s stock valued at $41,358,000 after purchasing an additional 13,426 shares during the last quarter. Finally, Park Avenue Securities LLC grew its stake in iShares U.S. Infrastructure ETF by 0.4% in the second quarter. Park Avenue Securities LLC now owns 700,644 shares of the company’s stock valued at $29,511,000 after acquiring an additional 2,848 shares during the period.

iShares U.S. Infrastructure ETF Trading Down 1.1 %

BATS:IFRA opened at $47.08 on Wednesday. The firm has a market capitalization of $2.59 billion, a PE ratio of 16.71 and a beta of 0.89. The firm has a 50-day simple moving average of $46.24 and a 200-day simple moving average of $44.37.

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.