Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) Trading 1.2% Higher – Should You Buy?

Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) traded up 1.2% during trading on Wednesday . The company traded as high as $53.60 and last traded at $53.48. 126,668 shares changed hands during trading, a decline of 59% from the average session volume of 309,539 shares. The stock had previously closed at $52.85.

Horizon Kinetics Inflation Beneficiaries ETF Stock Performance

The firm has a market cap of $1.53 billion, a price-to-earnings ratio of -2,318.36 and a beta of 0.76. The business’s 50 day moving average price is $52.48 and its 200 day moving average price is $47.90.

Institutional Investors Weigh In On Horizon Kinetics Inflation Beneficiaries ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Ameriflex Group Inc. grew its stake in shares of Horizon Kinetics Inflation Beneficiaries ETF by 306.1% during the 3rd quarter. Ameriflex Group Inc. now owns 4,906 shares of the company’s stock worth $219,000 after purchasing an additional 3,698 shares during the period. Principia Wealth Advisory LLC grew its stake in shares of Horizon Kinetics Inflation Beneficiaries ETF by 5.1% during the 4th quarter. Principia Wealth Advisory LLC now owns 9,655 shares of the company’s stock worth $429,000 after purchasing an additional 465 shares during the period. NewEdge Advisors LLC grew its stake in shares of Horizon Kinetics Inflation Beneficiaries ETF by 9.4% during the 2nd quarter. NewEdge Advisors LLC now owns 12,009 shares of the company’s stock worth $506,000 after purchasing an additional 1,028 shares during the period. Copia Wealth Management grew its stake in shares of Horizon Kinetics Inflation Beneficiaries ETF by 25.0% during the 3rd quarter. Copia Wealth Management now owns 15,586 shares of the company’s stock worth $697,000 after purchasing an additional 3,117 shares during the period. Finally, Leavell Investment Management Inc. grew its stake in shares of Horizon Kinetics Inflation Beneficiaries ETF by 32.3% during the 3rd quarter. Leavell Investment Management Inc. now owns 45,121 shares of the company’s stock worth $2,017,000 after purchasing an additional 11,020 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.