Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) Reaches New 12-Month High at $33.29

Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFLGet Free Report)’s stock price hit a new 52-week high during trading on Friday . The stock traded as high as $33.29 and last traded at $33.26, with a volume of 27362 shares trading hands. The stock had previously closed at $32.94.

Horizon Kinetics Inflation Beneficiaries ETF Price Performance

The company has a market cap of $652.84 million, a PE ratio of 14.64 and a beta of 0.69. The firm’s 50 day moving average is $32.42 and its 200 day moving average is $31.27.

Institutional Investors Weigh In On Horizon Kinetics Inflation Beneficiaries ETF

Several large investors have recently added to or reduced their stakes in INFL. Bank of New York Mellon Corp boosted its position 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 valued at $2,873,000 after acquiring an additional 22,163 shares during the last quarter. Lowe Wealth Advisors LLC raised its stake in Horizon Kinetics Inflation Beneficiaries ETF by 0.8% in the fourth quarter. Lowe Wealth Advisors LLC now owns 207,845 shares of the company’s stock valued at $6,541,000 after purchasing an additional 1,695 shares in the last quarter. Defender Capital LLC. raised its stake in Horizon Kinetics Inflation Beneficiaries ETF by 36.0% in the fourth quarter. Defender Capital LLC. now owns 18,900 shares of the company’s stock valued at $595,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Hilltop National Bank purchased a new stake in Horizon Kinetics Inflation Beneficiaries ETF in the first quarter valued at approximately $2,781,000.

About Horizon Kinetics Inflation Beneficiaries ETF

(Get Free Report)

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.

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