Janney Montgomery Scott LLC Lowers Stock Position in Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL)

Janney Montgomery Scott LLC reduced its position in Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) by 32.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 63,142 shares of the company’s stock after selling 30,488 shares during the quarter. Janney Montgomery Scott LLC owned about 0.32% of Horizon Kinetics Inflation Beneficiaries ETF worth $2,374,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in INFL. Bank of New York Mellon Corp increased its position in shares of Horizon Kinetics Inflation Beneficiaries ETF by 23.5% in the second quarter. Bank of New York Mellon Corp now owns 223,372 shares of the company’s stock worth $7,300,000 after acquiring an additional 42,538 shares in the last quarter. Hilltop National Bank raised its position in Horizon Kinetics Inflation Beneficiaries ETF by 12.6% in the second quarter. Hilltop National Bank now owns 96,217 shares of the company’s stock valued at $3,144,000 after purchasing an additional 10,802 shares during the period. Moody Lynn & Lieberson LLC acquired a new position in shares of Horizon Kinetics Inflation Beneficiaries ETF during the third quarter worth about $370,000. Lowe Wealth Advisors LLC increased its stake in Horizon Kinetics Inflation Beneficiaries ETF by 4.1% during the 2nd quarter. Lowe Wealth Advisors LLC now owns 222,824 shares of the company’s stock worth $7,282,000 after buying an additional 8,799 shares during the period. Finally, Longview Financial Advisors Inc. lifted its holdings in Horizon Kinetics Inflation Beneficiaries ETF by 0.5% in the 3rd quarter. Longview Financial Advisors Inc. now owns 149,144 shares of the company’s stock worth $5,606,000 after buying an additional 712 shares in the last quarter.

Horizon Kinetics Inflation Beneficiaries ETF Price Performance

Shares of Horizon Kinetics Inflation Beneficiaries ETF stock opened at $40.86 on Wednesday. Horizon Kinetics Inflation Beneficiaries ETF has a 1-year low of $29.50 and a 1-year high of $41.81. The company has a market capitalization of $800.86 million, a PE ratio of 14.64 and a beta of 0.69. The business has a 50-day moving average of $38.58 and a 200-day moving average of $35.71.

About Horizon Kinetics Inflation Beneficiaries ETF

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.