Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) Hits New 1-Year High – What’s Next?

Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $41.84 and last traded at $41.79, with a volume of 105141 shares trading hands. The stock had previously closed at $41.02.

Horizon Kinetics Inflation Beneficiaries ETF Price Performance

The firm has a market capitalization of $818.30 million, a price-to-earnings ratio of 14.64 and a beta of 0.69. The business has a 50 day moving average of $39.24 and a 200 day moving average of $36.10.

Institutional Trading of Horizon Kinetics Inflation Beneficiaries ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Captrust Financial Advisors grew its position in Horizon Kinetics Inflation Beneficiaries ETF by 4.3% in the third 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 during the period. Lowe Wealth Advisors LLC grew its holdings in shares of 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 worth $8,667,000 after purchasing an additional 7,740 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Horizon Kinetics Inflation Beneficiaries ETF by 23.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 223,372 shares of the company’s stock worth $7,300,000 after purchasing an additional 42,538 shares during the last quarter. Longview Financial Advisors Inc. increased its position in shares of Horizon Kinetics Inflation Beneficiaries ETF by 0.5% during the 3rd quarter. Longview Financial Advisors Inc. now owns 149,144 shares of the company’s stock worth $5,606,000 after purchasing an additional 712 shares in the last quarter. Finally, Hilltop National Bank lifted its holdings in Horizon Kinetics Inflation Beneficiaries ETF by 12.6% during the 2nd quarter. Hilltop National Bank now owns 96,217 shares of the company’s stock valued at $3,144,000 after purchasing an additional 10,802 shares during the last quarter.

About Horizon Kinetics Inflation Beneficiaries ETF

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.