Shares of Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL – Get Free Report) saw unusually-strong trading volume on Monday . 168,417 shares changed hands during trading, a decline of 46% from the previous session’s volume of 313,895 shares.The stock last traded at $49.90 and had previously closed at $49.78.
Horizon Kinetics Inflation Beneficiaries ETF Stock Up 0.6%
The stock has a market capitalization of $1.48 billion, a P/E ratio of -2,170.11 and a beta of 0.69. The company has a 50-day moving average price of $51.59 and a two-hundred day moving average price of $50.60.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the company. Bank of New York Mellon Corp increased its holdings in shares of Horizon Kinetics Inflation Beneficiaries ETF by 9.7% in the first quarter. Bank of New York Mellon Corp now owns 433,834 shares of the company’s stock worth $22,585,000 after purchasing an additional 38,447 shares during the period. Janney Montgomery Scott LLC raised its holdings in shares of Horizon Kinetics Inflation Beneficiaries ETF by 4.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 303,553 shares of the company’s stock valued at $13,496,000 after acquiring an additional 12,300 shares in the last quarter. Captrust Financial Advisors boosted its position in shares of Horizon Kinetics Inflation Beneficiaries ETF by 4.3% during the 4th quarter. Captrust Financial Advisors now owns 275,747 shares of the company’s stock valued at $12,260,000 after acquiring an additional 11,460 shares during the last quarter. Longview Financial Advisors Inc. boosted its position in shares of Horizon Kinetics Inflation Beneficiaries ETF by 2.5% during the 1st quarter. Longview Financial Advisors Inc. now owns 177,208 shares of the company’s stock valued at $9,225,000 after acquiring an additional 4,295 shares during the last quarter. Finally, IFP Advisors Inc grew its holdings in shares of Horizon Kinetics Inflation Beneficiaries ETF by 0.3% during the third quarter. IFP Advisors Inc now owns 110,823 shares of the company’s stock worth $4,953,000 after purchasing an additional 375 shares in the last quarter.
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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