Cary Street Partners Invests $765,000 in Harbor Commodity ETF

Cary Street Partners Financial LLC has acquired a new stake in the Harbor Commodity All-Weather Strategy ETF (NYSEARCA:HGER), investing approximately $765,000 during the third quarter of 2023. This purchase, detailed in the firm’s recent 13F filing with the Securities and Exchange Commission, involved the acquisition of 29,658 shares, bringing Cary Street Partners’ ownership to 0.07% of the ETF.

The Harbor Commodity All-Weather Strategy ETF has seen increased interest from institutional investors and hedge funds. For instance, Nvwm LLC raised its stake by 36.6% in the second quarter, acquiring an additional 24,587 shares for a total of 91,715 shares valued at $2,228,000. Atlantic Union Bankshares Corp entered the market with a new stake valued at $72,000 during the same quarter.

In the third quarter, Alliance Wealth Advisors LLC UT also purchased a new stake in the ETF, similarly valued at $2,228,000. Ellsworth Advisors LLC increased its position by 8.2%, now holding 429,093 shares worth approximately $11,182,000. Moreover, Envestnet Asset Management Inc. significantly raised its position by 62.6% during the third quarter, acquiring an additional 85,392 shares for a total of 221,745 shares, valued at around $5,721,000.

Market Performance and Fund Overview

As of the latest trading session, shares of the Harbor Commodity All-Weather Strategy ETF opened at $28.30, reflecting a 1.0% increase. The fund’s 50-day simple moving average stands at $26.37, while the 200-day simple moving average is recorded at $26.00. Over the past year, the ETF has fluctuated, with a 52-week low of $22.07 and a 52-week high of $28.64.

The Harbor All-Weather Inflation Focus ETF (HGER) aims to provide broad exposure to inflation-sensitive commodities, selected based on both fundamental and technical factors. Launched on February 9, 2022, the ETF is managed by Harbor and seeks to hedge against inflation, making it an attractive option for investors looking to protect their portfolios in volatile markets.

The recent investment activity in the Harbor Commodity All-Weather Strategy ETF underscores a growing confidence among institutional investors in commodities as a hedge against inflation, and this trend is likely to continue as market dynamics evolve.

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