Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) Sees Unusually-High Trading Volume – Here’s What Happened

Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) saw an uptick in trading volume on Friday . 955,368 shares were traded during trading, an increase of 559% from the previous session’s volume of 145,066 shares.The stock last traded at $39.63 and had previously closed at $39.73.

Horizon Kinetics Inflation Beneficiaries ETF Stock Performance

The company has a market cap of $776.06 million, a PE ratio of 14.64 and a beta of 0.69. The stock’s 50-day simple moving average is $38.11 and its 200 day simple moving average is $35.33.

Hedge Funds Weigh In On Horizon Kinetics Inflation Beneficiaries ETF

A number of large investors have recently bought and sold shares of INFL. Hilltop National Bank purchased a new position in shares of Horizon Kinetics Inflation Beneficiaries ETF in the 1st quarter valued at about $2,781,000. Lowe Wealth Advisors LLC increased its holdings in shares of Horizon Kinetics Inflation Beneficiaries ETF by 4.1% in the 2nd quarter. Lowe Wealth Advisors LLC now owns 222,824 shares of the company’s stock valued at $7,282,000 after purchasing an additional 8,799 shares in the last quarter. Bank of New York Mellon Corp increased 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 valued at $7,300,000 after purchasing an additional 42,538 shares in the last quarter. Longview Financial Advisors Inc. increased its holdings in shares of Horizon Kinetics Inflation Beneficiaries ETF by 0.5% in the 3rd 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 in the last quarter. Finally, Moody Lynn & Lieberson LLC purchased a new position in shares of Horizon Kinetics Inflation Beneficiaries ETF in the 3rd quarter valued at about $370,000.

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.