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

Shares of Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) saw strong trading volume on Friday . 440,031 shares traded 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 Trading Down 0.0 %

The firm has a market cap of $788.70 million, a PE ratio of 14.64 and a beta of 0.69. The firm’s 50 day simple moving average is $38.94 and its 200 day simple moving average is $35.92.

Hedge Funds Weigh In On Horizon Kinetics Inflation Beneficiaries ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Longview Financial Advisors Inc. lifted its position 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 valued at $5,606,000 after purchasing an additional 712 shares during the last quarter. Lowe Wealth Advisors LLC lifted 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 valued at $8,667,000 after acquiring an additional 7,740 shares during the last quarter. Bank of New York Mellon Corp grew its position in Horizon Kinetics Inflation Beneficiaries ETF by 23.5% in the second quarter. Bank of New York Mellon Corp now owns 223,372 shares of the company’s stock worth $7,300,000 after acquiring an additional 42,538 shares in the last quarter. Moody Lynn & Lieberson LLC bought a new stake in Horizon Kinetics Inflation Beneficiaries ETF during the third quarter worth approximately $370,000. Finally, Captrust Financial Advisors raised its position in Horizon Kinetics Inflation Beneficiaries ETF by 4.3% during the third quarter. Captrust Financial Advisors now owns 263,725 shares of the company’s stock valued at $9,913,000 after purchasing an additional 10,872 shares during the period.

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.