Form 4: Harrison Street Fund Boosts NFRX ETF Stake

Harrison Street Real Assets Fund LLC reported a significant purchase of 378,931 shares of the Harrison Street Infrastructure Active ETF, increasing its beneficial ownership.

Summary

• Harrison Street Real Assets Fund LLC, a 10% owner of 2023 ETF Series Trust (NFRX), acquired additional shares.
• On February 10, 2026, the reporting person purchased 378,931 shares of the Harrison Street Infrastructure Active ETF.
• The shares were acquired at a price of $26.39 per share.
• Following this transaction, Harrison Street Real Assets Fund LLC beneficially owns a total of 2,336,689 shares of the Harrison Street Infrastructure Active ETF.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive signal, as a significant owner is increasing its stake, suggesting confidence in the ETF's underlying assets and strategy.

Positives

• A significant insider purchase by a 10% owner, Harrison Street Real Assets Fund LLC, indicates confidence in the Harrison Street Infrastructure Active ETF.
• The acquisition of 378,931 shares at $26.39 per share represents a substantial investment of approximately $10 million.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that insider purchases, especially by significant owners like Harrison Street Real Assets Fund LLC, can signal strong conviction in the specific ETF's strategy and the broader infrastructure sector. This could reflect a positive outlook on infrastructure investments, potentially driven by anticipated growth or favorable market conditions for real assets.

Related Party Transactions

• Harrison Street Real Assets Fund LLC, a 10% owner of 2023 ETF Series Trust, purchased shares in the Harrison Street Infrastructure Active ETF, indicating a transaction between related entities given the shared 'Harrison Street' name and ownership stake.

Stakeholder Impact

• Shareholders: May interpret the significant insider purchase as a positive indicator of confidence in the ETF's future performance, potentially influencing their investment decisions.

Key Dates

Recommendation

The significant purchase by a 10% owner, Harrison Street Real Assets Fund LLC, suggests strong internal confidence in the Harrison Street Infrastructure Active ETF. While this is a positive indicator, a comprehensive investment decision would require further analysis of the ETF's performance, underlying assets, and broader market conditions beyond this single transaction report.

Keywords

Form 4, insider trading, beneficial ownership, ETF, infrastructure, NFRX, Harrison Street, equity purchase