Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) Sees Unusually-High Trading Volume – Here’s Why

Shares of Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) saw an uptick in trading volume on Friday . 440,031 shares traded hands during trading, an increase of 199% from the previous session’s volume of 147,044 shares.The stock last traded at $40.31 and had previously closed at $40.26.

Horizon Kinetics Inflation Beneficiaries ETF Trading Up 0.0 %

The firm has a market cap of $789.49 million, a P/E ratio of 14.64 and a beta of 0.69. The company has a fifty day moving average price of $38.85 and a two-hundred day moving average price of $35.84.

Hedge Funds Weigh In On Horizon Kinetics Inflation Beneficiaries ETF

Several institutional investors have recently modified their holdings of the business. Longview Financial Advisors Inc. lifted its stake in Horizon Kinetics Inflation Beneficiaries ETF by 0.5% in the 3rd quarter. Longview Financial Advisors Inc. now owns 149,144 shares of the company’s stock valued at $5,606,000 after acquiring an additional 712 shares in the last quarter. Lowe Wealth Advisors LLC lifted its stake in Horizon Kinetics Inflation Beneficiaries ETF by 3.5% in the 3rd quarter. Lowe Wealth Advisors LLC now owns 230,564 shares of the company’s stock valued at $8,667,000 after acquiring an additional 7,740 shares in the last quarter. Moody Lynn & Lieberson LLC bought a new stake in Horizon Kinetics Inflation Beneficiaries ETF in the 3rd quarter valued at approximately $370,000. Hilltop National Bank lifted its stake in Horizon Kinetics Inflation Beneficiaries ETF by 12.6% in the 2nd quarter. Hilltop National Bank now owns 96,217 shares of the company’s stock valued at $3,144,000 after acquiring an additional 10,802 shares in the last quarter. Finally, Captrust Financial Advisors lifted its stake in Horizon Kinetics Inflation Beneficiaries ETF by 4.3% in the 3rd quarter. Captrust Financial Advisors now owns 263,725 shares of the company’s stock valued at $9,913,000 after acquiring an additional 10,872 shares in the last quarter.

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.