Shares of Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL – Get Free Report) hit a new 52-week high during trading on Friday . The company traded as high as $40.01 and last traded at $39.92, with a volume of 4971 shares traded. The stock had previously closed at $39.87.
Horizon Kinetics Inflation Beneficiaries ETF Stock Up 0.2 %
The company’s fifty day moving average is $37.23 and its 200 day moving average is $34.77. The firm has a market cap of $783.22 million, a price-to-earnings ratio of 14.64 and a beta of 0.69.
Institutional Trading of Horizon Kinetics Inflation Beneficiaries ETF
A number of hedge funds and other institutional investors have recently modified their holdings of INFL. Hilltop National Bank acquired a new stake in Horizon Kinetics Inflation Beneficiaries ETF in the first quarter valued at $2,781,000. Lowe Wealth Advisors LLC lifted its stake in Horizon Kinetics Inflation Beneficiaries ETF by 4.1% in the 2nd quarter. Lowe Wealth Advisors LLC now owns 222,824 shares of the company’s stock valued at $7,282,000 after purchasing an additional 8,799 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Horizon Kinetics Inflation Beneficiaries ETF by 23.5% during the second quarter. Bank of New York Mellon Corp now owns 223,372 shares of the company’s stock worth $7,300,000 after purchasing an additional 42,538 shares during the period.
Horizon Kinetics Inflation Beneficiaries ETF Company 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.
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