Cooper Investors PTY Ltd. Sells 66,367 Shares of Horizon Kinetics Inflation Beneficiaries ETF $INFL

Cooper Investors PTY Ltd. trimmed its position in shares of Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) by 38.4% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 106,357 shares of the company’s stock after selling 66,367 shares during the quarter. Horizon Kinetics Inflation Beneficiaries ETF accounts for approximately 2.4% of Cooper Investors PTY Ltd.’s investment portfolio, making the stock its 18th largest holding. Cooper Investors PTY Ltd.’s holdings in Horizon Kinetics Inflation Beneficiaries ETF were worth $5,305,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Bank of New York Mellon Corp raised its stake in shares of Horizon Kinetics Inflation Beneficiaries ETF by 9.7% in the first quarter. Bank of New York Mellon Corp now owns 433,834 shares of the company’s stock valued at $22,585,000 after acquiring an additional 38,447 shares during the last quarter. Janney Montgomery Scott LLC grew its position in Horizon Kinetics Inflation Beneficiaries ETF by 4.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 303,553 shares of the company’s stock worth $13,496,000 after acquiring an additional 12,300 shares during the last quarter. Captrust Financial Advisors grew its position in Horizon Kinetics Inflation Beneficiaries ETF by 4.3% during the 4th quarter. Captrust Financial Advisors now owns 275,747 shares of the company’s stock worth $12,260,000 after acquiring an additional 11,460 shares during the last quarter. Longview Financial Advisors Inc. grew its position in Horizon Kinetics Inflation Beneficiaries ETF by 5.7% during the 2nd quarter. Longview Financial Advisors Inc. now owns 187,257 shares of the company’s stock worth $9,340,000 after acquiring an additional 10,049 shares during the last quarter. Finally, Waterloo Capital L.P. increased its holdings in Horizon Kinetics Inflation Beneficiaries ETF by 1.9% during the 4th quarter. Waterloo Capital L.P. now owns 100,041 shares of the company’s stock valued at $4,448,000 after purchasing an additional 1,845 shares in the last quarter.

Horizon Kinetics Inflation Beneficiaries ETF Price Performance

INFL stock opened at $51.41 on Wednesday. The business has a fifty day moving average price of $50.52 and a 200 day moving average price of $51.46. Horizon Kinetics Inflation Beneficiaries ETF has a fifty-two week low of $41.77 and a fifty-two week high of $55.17. The stock has a market capitalization of $1.51 billion, a price-to-earnings ratio of -2,228.63 and a beta of 0.69.

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.