Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) Sees Large Volume Increase

Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFLGet Free Report) shares saw an uptick in trading volume on Friday . 502,743 shares traded hands during trading, an increase of 221% from the previous session’s volume of 156,548 shares.The stock last traded at $32.98 and had previously closed at $32.83.

Horizon Kinetics Inflation Beneficiaries ETF Trading Up 1.4 %

The stock has a 50-day simple moving average of $32.66 and a 200-day simple moving average of $31.48. The company has a market cap of $652.48 million, a price-to-earnings ratio of 14.64 and a beta of 0.69.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Lowe Wealth Advisors LLC raised its stake in shares of Horizon Kinetics Inflation Beneficiaries ETF by 3.0% in the 1st quarter. Lowe Wealth Advisors LLC now owns 214,025 shares of the company’s stock worth $6,969,000 after buying an additional 6,180 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Horizon Kinetics Inflation Beneficiaries ETF by 30.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 94,371 shares of the company’s stock worth $2,873,000 after buying an additional 22,163 shares in the last quarter. Hilltop National Bank bought a new stake in shares of Horizon Kinetics Inflation Beneficiaries ETF in the 1st quarter worth $2,781,000. Finally, Defender Capital LLC. raised its stake in shares of Horizon Kinetics Inflation Beneficiaries ETF by 36.0% in the 4th quarter. Defender Capital LLC. now owns 18,900 shares of the company’s stock worth $595,000 after buying an additional 5,000 shares in the last quarter.

Horizon Kinetics Inflation Beneficiaries ETF Company Profile

(Get Free Report)

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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