Bank of New York Mellon Corp Boosts Position in Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL)

Bank of New York Mellon Corp lifted its stake in shares of Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) by 12.2% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 318,638 shares of the company’s stock after acquiring an additional 34,542 shares during the period. Bank of New York Mellon Corp owned 1.14% of Horizon Kinetics Inflation Beneficiaries ETF worth $12,953,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. GAMMA Investing LLC purchased a new stake in Horizon Kinetics Inflation Beneficiaries ETF in the 1st quarter valued at about $34,000. Baird Financial Group Inc. raised its holdings in Horizon Kinetics Inflation Beneficiaries ETF by 7.2% in the 4th quarter. Baird Financial Group Inc. now owns 82,567 shares of the company’s stock valued at $3,144,000 after buying an additional 5,577 shares during the period. Principia Wealth Advisory LLC raised its holdings in Horizon Kinetics Inflation Beneficiaries ETF by 18.0% in the 1st quarter. Principia Wealth Advisory LLC now owns 7,769 shares of the company’s stock valued at $299,000 after buying an additional 1,184 shares during the period. Copia Wealth Management purchased a new stake in Horizon Kinetics Inflation Beneficiaries ETF in the 4th quarter valued at about $176,000. Finally, Longview Financial Advisors Inc. raised its holdings in Horizon Kinetics Inflation Beneficiaries ETF by 7.6% in the 1st quarter. Longview Financial Advisors Inc. now owns 168,749 shares of the company’s stock valued at $6,860,000 after buying an additional 11,956 shares during the period.

Horizon Kinetics Inflation Beneficiaries ETF Trading Up 0.4%

Shares of INFL opened at $41.63 on Monday. The firm has a market cap of $1.25 billion, a P/E ratio of -1,804.66 and a beta of 0.92. Horizon Kinetics Inflation Beneficiaries ETF has a 12-month low of $33.32 and a 12-month high of $43.18. The company’s 50-day moving average price is $42.13 and its 200 day moving average price is $40.73.

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.