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

Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) shares saw an uptick in trading volume on Friday . 440,031 shares changed hands during mid-day 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 Price Performance

The stock has a 50-day moving average of $38.85 and a 200 day moving average of $35.84. The stock has a market capitalization of $789.49 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 added to or reduced their stakes in the company. Moody Lynn & Lieberson LLC bought a new position in Horizon Kinetics Inflation Beneficiaries ETF during the third quarter worth about $370,000. Hilltop National Bank boosted its holdings in Horizon Kinetics Inflation Beneficiaries ETF by 12.6% during the second quarter. Hilltop National Bank now owns 96,217 shares of the company’s stock worth $3,144,000 after buying an additional 10,802 shares during the last quarter. Longview Financial Advisors Inc. boosted its holdings in Horizon Kinetics Inflation Beneficiaries ETF by 0.5% during the third quarter. Longview Financial Advisors Inc. now owns 149,144 shares of the company’s stock worth $5,606,000 after buying an additional 712 shares during the last quarter. Lowe Wealth Advisors LLC boosted its holdings in Horizon Kinetics Inflation Beneficiaries ETF by 4.1% during the second quarter. Lowe Wealth Advisors LLC now owns 222,824 shares of the company’s stock worth $7,282,000 after buying an additional 8,799 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted 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 buying an additional 42,538 shares during 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.