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

Bank of New York Mellon Corp raised its position in Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) by 14.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 284,096 shares of the company’s stock after buying an additional 35,168 shares during the quarter. Bank of New York Mellon Corp owned about 1.45% of Horizon Kinetics Inflation Beneficiaries ETF worth $10,818,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC boosted its holdings in shares of Horizon Kinetics Inflation Beneficiaries ETF by 42.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 90,067 shares of the company’s stock worth $3,430,000 after acquiring an additional 26,925 shares during the period. Hilltop National Bank boosted its stake in Horizon Kinetics Inflation Beneficiaries ETF by 25.0% in the 4th quarter. Hilltop National Bank now owns 124,115 shares of the company’s stock worth $4,726,000 after purchasing an additional 24,840 shares during the period. Captrust Financial Advisors grew its holdings in Horizon Kinetics Inflation Beneficiaries ETF by 4.3% during the 3rd quarter. Captrust Financial Advisors now owns 263,725 shares of the company’s stock valued at $9,913,000 after buying an additional 10,872 shares in the last quarter. Finally, Longview Financial Advisors Inc. increased its position in shares of Horizon Kinetics Inflation Beneficiaries ETF by 5.1% during the fourth quarter. Longview Financial Advisors Inc. now owns 156,793 shares of the company’s stock valued at $5,971,000 after buying an additional 7,649 shares during the period.

Horizon Kinetics Inflation Beneficiaries ETF Trading Down 0.8 %

Shares of Horizon Kinetics Inflation Beneficiaries ETF stock opened at $39.31 on Friday. The company’s 50-day moving average price is $39.82 and its 200-day moving average price is $39.35. Horizon Kinetics Inflation Beneficiaries ETF has a 12-month low of $31.53 and a 12-month high of $43.13. The company has a market cap of $1.08 billion, a price-to-earnings 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.