Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) Trading Up 0.6%

Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL)’s stock price was up 0.6% during mid-day trading on Tuesday . The stock traded as high as $32.67 and last traded at $32.56. Approximately 60,776 shares were traded during mid-day trading, a decline of 65% from the average daily volume of 171,493 shares. The stock had previously closed at $32.35.

Horizon Kinetics Inflation Beneficiaries ETF Stock Up 0.6 %

The firm has a 50-day moving average of $32.08 and a two-hundred day moving average of $31.09. The company has a market capitalization of $638.18 million, a PE ratio of 14.45 and a beta of 0.68.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of INFL. Defender Capital LLC. raised its position in Horizon Kinetics Inflation Beneficiaries ETF by 36.0% during the fourth quarter. Defender Capital LLC. now owns 18,900 shares of the company’s stock valued at $595,000 after acquiring an additional 5,000 shares in the last quarter. Hilltop National Bank acquired a new position in shares of Horizon Kinetics Inflation Beneficiaries ETF during the 1st quarter worth approximately $2,781,000. Bank of New York Mellon Corp raised its stake in shares of Horizon Kinetics Inflation Beneficiaries ETF by 30.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 94,371 shares of the company’s stock worth $2,873,000 after buying an additional 22,163 shares during the period. Finally, Lowe Wealth Advisors LLC raised its stake in shares of Horizon Kinetics Inflation Beneficiaries ETF by 0.8% during the 4th quarter. Lowe Wealth Advisors LLC now owns 207,845 shares of the company’s stock worth $6,541,000 after buying an additional 1,695 shares during the period.

Horizon Kinetics Inflation Beneficiaries ETF Company Profile

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.