Belvedere Trading LLC purchased a new position in ProShares Inflation Expectations ETF (NYSEARCA:RINF – Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 81,836 shares of the company’s stock, valued at approximately $2,675,000. ProShares Inflation Expectations ETF makes up 0.0% of Belvedere Trading LLC’s investment portfolio, making the stock its 22nd largest holding. Belvedere Trading LLC owned approximately 0.11% of ProShares Inflation Expectations ETF at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. LPL Financial LLC lifted its position in ProShares Inflation Expectations ETF by 3.0% in the 1st quarter. LPL Financial LLC now owns 53,941 shares of the company’s stock valued at $1,765,000 after acquiring an additional 1,547 shares in the last quarter. Avantax Advisory Services Inc. bought a new stake in shares of ProShares Inflation Expectations ETF in the 1st quarter worth $704,000. Csenge Advisory Group purchased a new position in shares of ProShares Inflation Expectations ETF in the first quarter worth $484,000. Finally, Bank of America Corp DE bought a new position in shares of ProShares Inflation Expectations ETF during the fourth quarter valued at $54,000.
ProShares Inflation Expectations ETF Stock Up 0.1%
ProShares Inflation Expectations ETF stock opened at $32.33 on Monday. ProShares Inflation Expectations ETF has a one year low of $31.53 and a one year high of $33.67. The business’s fifty day moving average is $32.58 and its 200 day moving average is $32.74.
ProShares Inflation Expectations ETF Profile
The ProShares Inflation Expectations ETF (RINF) is an exchange-traded fund that mostly invests in spreads alternatives. The fund tracks an index with long exposure to US TIPS and short exposure to US Treasurys of equal maturity, gaining when yields on Treasurys increase relative to those on TIPS. RINF was launched on Jan 10, 2012 and is managed by ProShares.
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