Shares of Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL – Get Free Report) saw an uptick in trading volume on Tuesday . 486,269 shares changed hands during trading, an increase of 62% from the previous session’s volume of 299,958 shares.The stock last traded at $53.36 and had previously closed at $53.35.
Horizon Kinetics Inflation Beneficiaries ETF Stock Down 0.6%
The firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of -2,303.62 and a beta of 0.70. The company has a 50-day moving average price of $52.66 and a 200-day moving average price of $48.75.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of the business. Leavell Investment Management Inc. raised its stake in shares of Horizon Kinetics Inflation Beneficiaries ETF by 32.3% during the third quarter. Leavell Investment Management Inc. now owns 45,121 shares of the company’s stock valued at $2,017,000 after purchasing an additional 11,020 shares in the last quarter. Longview Financial Advisors Inc. grew its position in Horizon Kinetics Inflation Beneficiaries ETF by 2.5% in the 1st quarter. Longview Financial Advisors Inc. now owns 177,208 shares of the company’s stock valued at $9,225,000 after buying an additional 4,295 shares in the last quarter. Waterloo Capital L.P. increased its stake in Horizon Kinetics Inflation Beneficiaries ETF by 1.9% during the 4th quarter. Waterloo Capital L.P. now owns 100,041 shares of the company’s stock valued at $4,448,000 after buying an additional 1,845 shares during the period. Principia Wealth Advisory LLC boosted its holdings in shares of Horizon Kinetics Inflation Beneficiaries ETF by 5.1% in the fourth quarter. Principia Wealth Advisory LLC now owns 9,655 shares of the company’s stock valued at $429,000 after acquiring an additional 465 shares in the last quarter. Finally, Copia Wealth Management lifted its position in Horizon Kinetics Inflation Beneficiaries ETF by 1.4% in 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 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.
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