Merit Financial Group LLC Increases Investment in iShares U.S. Infrastructure ETF (BATS:IFRA)

Merit Financial Group LLC has significantly increased its investment in the iShares U.S. Infrastructure ETF (BATS:IFRA) by 198.3% during the fourth quarter, as revealed in its latest 13F filing with the Securities and Exchange Commission. Following this increase, Merit Financial now holds a total of 75,659 shares in the ETF, having added 50,296 shares during the quarter. By the end of the reporting period, their shares in the iShares U.S. Infrastructure ETF were valued at approximately $3,502,000.

Other institutional investors are also active in trading the iShares U.S. Infrastructure ETF. For example, Cedar Wealth Management LLC raised its stake by 8.3% during the third quarter, bringing its total to 2,600 shares valued at $122,000 after purchasing an additional 200 shares. Similarly, One Wealth Advisors LLC increased its holdings by 0.5% to 45,089 shares, which are now valued at $2,118,000 after acquiring an extra 211 shares. Additionally, Concurrent Investment Advisors LLC boosted its stake by 1.5%, owning 14,244 shares worth $669,000 after buying 217 additional shares.

Fullcircle Wealth LLC and Tsfg LLC also enhanced their positions in the ETF during the third quarter, with Fullcircle adding 225 shares to its total of 6,939 shares (valued at $330,000) and Tsfg growing its stake by 1.0% to 27,573 shares (worth $1,276,000) after purchasing an extra 267 shares.

Current Stock Performance of iShares U.S. Infrastructure ETF

The iShares U.S. Infrastructure ETF opened at $48.44 on Monday. The ETF has a market capitalization of $2.66 billion and a price-to-earnings ratio of 16.71, with a beta of 0.89. The stock has a fifty-day simple moving average of $48.48 and a 200-day simple moving average of $46.62, indicating a steady performance in the market.

About iShares U.S. Infrastructure ETF

The iShares U.S. Infrastructure ETF, known by its ticker symbol IFRA, is an exchange-traded fund that tracks the NYSE FactSet U.S. Infrastructure index. It includes a selection of U.S.-listed companies that generate a substantial portion of their revenue within the United States. Launched on April 3, 2018, this ETF is managed by BlackRock.

Merit, ETF, Investment