Bank of New York Mellon Corp Buys 35,168 Shares of Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL)

Bank of New York Mellon Corp raised its stake in shares of Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) by 14.1% in the 4th quarter, HoldingsChannel reports. The firm owned 284,096 shares of the company’s stock after purchasing an additional 35,168 shares during the period. Bank of New York Mellon Corp’s holdings in Horizon Kinetics Inflation Beneficiaries ETF were worth $10,818,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Longview Financial Advisors Inc. boosted its stake in shares of Horizon Kinetics Inflation Beneficiaries ETF by 5.1% in the 4th quarter. Longview Financial Advisors Inc. now owns 156,793 shares of the company’s stock valued at $5,971,000 after purchasing an additional 7,649 shares in the last quarter. Captrust Financial Advisors lifted its stake in Horizon Kinetics Inflation Beneficiaries ETF by 4.3% in the third quarter. Captrust Financial Advisors now owns 263,725 shares of the company’s stock worth $9,913,000 after purchasing an additional 10,872 shares during the last quarter. Hilltop National Bank boosted its position in Horizon Kinetics Inflation Beneficiaries ETF by 25.0% during the fourth quarter. Hilltop National Bank now owns 124,115 shares of the company’s stock valued at $4,726,000 after buying an additional 24,840 shares during the period. Finally, Janney Montgomery Scott LLC grew its stake in shares of Horizon Kinetics Inflation Beneficiaries ETF by 42.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 90,067 shares of the company’s stock valued at $3,430,000 after buying an additional 26,925 shares during the last quarter.

Horizon Kinetics Inflation Beneficiaries ETF Trading Down 0.8 %

INFL opened at $39.31 on Friday. Horizon Kinetics Inflation Beneficiaries ETF has a 12 month low of $31.53 and a 12 month high of $43.13. The business’s 50-day moving average price is $39.82 and its 200-day moving average price is $39.35. The company has a market cap of $1.08 billion, a P/E ratio of 23.07 and a beta of 0.86.

Horizon Kinetics Inflation Beneficiaries ETF Company Profile

The Horizon Kinetics Inflation Beneficiaries ETF (INFL) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively-managed fund seeking long-term capital growth in inflation-adjusted terms from companies expected to benefit, directly or indirectly, from inflation. INFL was launched on Jan 11, 2021 and is managed by Horizon Kinetics.