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

Shares of Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) saw unusually-high trading volume on Monday . Approximately 168,417 shares were traded during trading, a decline of 46% from the previous session’s volume of 313,895 shares.The stock last traded at $49.90 and had previously closed at $49.78.

Horizon Kinetics Inflation Beneficiaries ETF Stock Performance

The stock’s 50 day simple moving average is $51.59 and its 200 day simple moving average is $50.60. The firm has a market cap of $1.48 billion, a PE ratio of -2,170.11 and a beta of 0.69.

Institutional Investors Weigh In On Horizon Kinetics Inflation Beneficiaries ETF

A number of large investors have recently added to or reduced their stakes in the company. Copia Wealth Management lifted its stake in Horizon Kinetics Inflation Beneficiaries ETF by 1.4% during the fourth quarter. Copia Wealth Management now owns 15,803 shares of the company’s stock worth $703,000 after purchasing an additional 217 shares during the last quarter. IFP Advisors Inc increased its position in shares of Horizon Kinetics Inflation Beneficiaries ETF by 0.3% during the 3rd quarter. IFP Advisors Inc now owns 110,823 shares of the company’s stock valued at $4,953,000 after purchasing an additional 375 shares during the last quarter. Principia Wealth Advisory LLC raised its holdings 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 valued at $429,000 after buying an additional 465 shares in the last quarter. NewEdge Advisors LLC lifted its position in Horizon Kinetics Inflation Beneficiaries ETF by 9.4% in the 2nd quarter. NewEdge Advisors LLC now owns 12,009 shares of the company’s stock worth $506,000 after buying an additional 1,028 shares during the last quarter. Finally, Waterloo Capital L.P. lifted its position in Horizon Kinetics Inflation Beneficiaries ETF by 1.9% in the 4th quarter. Waterloo Capital L.P. now owns 100,041 shares of the company’s stock worth $4,448,000 after buying an additional 1,845 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.