Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) Sees Strong Trading Volume – Still a Buy?

Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) shares saw an uptick in trading volume on Friday . 308,355 shares were traded during mid-day trading, a decline of 1% from the previous session’s volume of 310,259 shares.The stock last traded at $51.76 and had previously closed at $52.45.

Horizon Kinetics Inflation Beneficiaries ETF Stock Down 2.3%

The company’s 50 day moving average is $52.73 and its 200 day moving average is $49.72. The firm has a market capitalization of $1.47 billion, a price-to-earnings ratio of -2,220.83 and a beta of 0.68.

Hedge Funds Weigh In On Horizon Kinetics Inflation Beneficiaries ETF

Several institutional investors and hedge funds have recently modified their holdings of INFL. Bank of New York Mellon Corp grew its stake in Horizon Kinetics Inflation Beneficiaries ETF by 9.7% during the first quarter. Bank of New York Mellon Corp now owns 433,834 shares of the company’s stock worth $22,585,000 after buying an additional 38,447 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in Horizon Kinetics Inflation Beneficiaries ETF by 4.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 303,553 shares of the company’s stock worth $13,496,000 after purchasing an additional 12,300 shares during the last quarter. Captrust Financial Advisors lifted its stake in Horizon Kinetics Inflation Beneficiaries ETF by 4.3% during the fourth quarter. Captrust Financial Advisors now owns 275,747 shares of the company’s stock worth $12,260,000 after purchasing an additional 11,460 shares during the last quarter. Longview Financial Advisors Inc. lifted its stake in Horizon Kinetics Inflation Beneficiaries ETF by 3.1% during the fourth quarter. Longview Financial Advisors Inc. now owns 172,913 shares of the company’s stock worth $7,688,000 after purchasing an additional 5,203 shares during the last quarter. Finally, Ameriflex Group Inc. lifted its stake in Horizon Kinetics Inflation Beneficiaries ETF by 306.1% during the third 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 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.