Shares of Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL – Get Free Report) hit a new 52-week high on Thursday . The company traded as high as $55.25 and last traded at $55.24, with a volume of 106151 shares trading hands. The stock had previously closed at $54.11.
Horizon Kinetics Inflation Beneficiaries ETF Stock Performance
The company has a market cap of $1.63 billion, a price-to-earnings ratio of -2,412.00 and a beta of 0.69. The firm’s 50 day simple moving average is $50.97 and its 200-day simple moving average is $51.77.
Hedge Funds Weigh In On Horizon Kinetics Inflation Beneficiaries ETF
A number of institutional investors and hedge funds have recently bought and sold shares of INFL. Longview Financial Advisors Inc. raised its holdings in Horizon Kinetics Inflation Beneficiaries ETF by 5.7% in the 2nd quarter. Longview Financial Advisors Inc. now owns 187,257 shares of the company’s stock valued at $9,340,000 after acquiring an additional 10,049 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Horizon Kinetics Inflation Beneficiaries ETF by 9.7% in the 1st 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 in the last quarter. Captrust Financial Advisors boosted its holdings 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 worth $12,260,000 after purchasing an additional 11,460 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Horizon Kinetics Inflation Beneficiaries ETF by 4.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 303,553 shares of the company’s stock worth $13,496,000 after purchasing an additional 12,300 shares during the last quarter. Finally, Waterloo Capital L.P. grew its position in shares of Horizon Kinetics Inflation Beneficiaries ETF by 1.9% in the fourth quarter. Waterloo Capital L.P. now owns 100,041 shares of the company’s stock valued at $4,448,000 after purchasing an additional 1,845 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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