Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) Sees Unusually-High Trading Volume

Shares of Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFLGet Free Report) saw an uptick in trading volume on Tuesday . 745,456 shares traded hands during mid-day trading, an increase of 349% from the previous session’s volume of 165,871 shares.The stock last traded at $32.94 and had previously closed at $33.02.

Horizon Kinetics Inflation Beneficiaries ETF Stock Performance

The company has a market capitalization of $645.43 million, a P/E ratio of 14.64 and a beta of 0.69. The firm’s fifty day moving average is $32.73 and its 200-day moving average is $31.73.

Institutional Investors Weigh In On Horizon Kinetics Inflation Beneficiaries ETF

Several hedge funds and other institutional investors have recently made changes to their positions in INFL. Lowe Wealth Advisors LLC boosted its position in Horizon Kinetics Inflation Beneficiaries ETF by 3.0% during 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 during the period. Hilltop National Bank acquired a new stake in Horizon Kinetics Inflation Beneficiaries ETF during the 1st quarter worth approximately $2,781,000. Finally, Defender Capital LLC. lifted its position 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 purchasing an additional 5,000 shares during the period.

About Horizon Kinetics Inflation Beneficiaries ETF

(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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