Sumitomo Life Insurance Co. Has $352,000 Stock Position in iShares U.S. Infrastructure ETF (BATS:IFRA)

Sumitomo Life Insurance Co. lessened its position in shares of iShares U.S. Infrastructure ETF (BATS:IFRA) by 45.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,600 shares of the company’s stock after selling 6,400 shares during the quarter. Sumitomo Life Insurance Co.’s holdings in iShares U.S. Infrastructure ETF were worth $352,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in IFRA. Wharton Business Group LLC lifted its stake in shares of iShares U.S. Infrastructure ETF by 37.5% in the 3rd quarter. Wharton Business Group LLC now owns 1,501,800 shares of the company’s stock valued at $70,540,000 after purchasing an additional 409,880 shares during the period. Sanctuary Advisors LLC acquired a new position in iShares U.S. Infrastructure ETF in the second quarter valued at about $12,791,000. LPL Financial LLC boosted its holdings in iShares U.S. Infrastructure ETF by 11.8% during the third quarter. LPL Financial LLC now owns 2,166,783 shares of the company’s stock worth $101,774,000 after buying an additional 227,962 shares during the last quarter. Merit Financial Group LLC grew its position in shares of iShares U.S. Infrastructure ETF by 198.3% during the 4th quarter. Merit Financial Group LLC now owns 75,659 shares of the company’s stock worth $3,502,000 after buying an additional 50,296 shares during the period. Finally, Atomi Financial Group Inc. raised its position in shares of iShares U.S. Infrastructure ETF by 46.1% in the 4th quarter. Atomi Financial Group Inc. now owns 135,903 shares of the company’s stock valued at $6,291,000 after acquiring an additional 42,854 shares during the period.

iShares U.S. Infrastructure ETF Price Performance

Shares of iShares U.S. Infrastructure ETF stock opened at $47.89 on Friday. The business’s 50 day simple moving average is $48.16 and its two-hundred day simple moving average is $46.92. The firm has a market cap of $2.63 billion, a P/E 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.