Magnus Financial Group LLC Makes New Investment in iShares U.S. Infrastructure ETF (BATS:IFRA)

Magnus Financial Group LLC purchased a new stake in iShares U.S. Infrastructure ETF (BATS:IFRA) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 6,351 shares of the company’s stock, valued at approximately $294,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new position in iShares U.S. Infrastructure ETF in the third quarter valued at about $27,000. Continuum Advisory LLC increased its stake in shares of iShares U.S. Infrastructure ETF by 41.8% in the 3rd quarter. Continuum Advisory LLC now owns 1,221 shares of the company’s stock valued at $60,000 after acquiring an additional 360 shares during the last quarter. Gilliland Jeter Wealth Management LLC raised its position in shares of iShares U.S. Infrastructure ETF by 38.1% in the 3rd quarter. Gilliland Jeter Wealth Management LLC now owns 1,483 shares of the company’s stock valued at $70,000 after acquiring an additional 409 shares during the period. Semmax Financial Advisors Inc. boosted its stake in iShares U.S. Infrastructure ETF by 17.7% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 2,289 shares of the company’s stock worth $100,000 after acquiring an additional 344 shares during the last quarter. Finally, Financial Advocates Investment Management acquired a new position in iShares U.S. Infrastructure ETF during the third quarter valued at approximately $102,000.

iShares U.S. Infrastructure ETF Price Performance

Shares of BATS:IFRA opened at $48.42 on Thursday. The firm has a 50 day moving average price of $48.40 and a 200 day moving average price of $46.73. The company has a market capitalization of $2.66 billion, a P/E ratio of 16.71 and a beta of 0.89.

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.