Longview Financial Advisors Inc. Decreases Stake in Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL)

Longview Financial Advisors Inc. decreased its holdings in Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) by 4.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 142,356 shares of the company’s stock after selling 6,076 shares during the period. Horizon Kinetics Inflation Beneficiaries ETF accounts for about 4.9% of Longview Financial Advisors Inc.’s portfolio, making the stock its 8th biggest holding. Longview Financial Advisors Inc. owned approximately 0.73% of Horizon Kinetics Inflation Beneficiaries ETF worth $5,351,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in INFL. Hilltop National Bank purchased a new position in shares of Horizon Kinetics Inflation Beneficiaries ETF during the first quarter valued at about $2,781,000. Lowe Wealth Advisors LLC grew its holdings 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 valued at $7,282,000 after buying an additional 8,799 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Horizon Kinetics Inflation Beneficiaries ETF by 23.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 223,372 shares of the company’s stock valued at $7,300,000 after buying an additional 42,538 shares in the last quarter.

Horizon Kinetics Inflation Beneficiaries ETF Price Performance

Shares of INFL opened at $39.33 on Wednesday. The stock has a market capitalization of $770.87 million, a price-to-earnings ratio of 14.64 and a beta of 0.69. Horizon Kinetics Inflation Beneficiaries ETF has a 1 year low of $29.50 and a 1 year high of $39.96. The business’s 50 day simple moving average is $37.02 and its 200-day simple moving average is $34.70.

Horizon Kinetics Inflation Beneficiaries ETF 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.