Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) Hits New 12-Month High – Still a Buy?

Shares of Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) hit a new 52-week high on Tuesday . The company traded as high as $40.46 and last traded at $40.46, with a volume of 155378 shares. The stock had previously closed at $39.80.

Horizon Kinetics Inflation Beneficiaries ETF Stock Up 1.6 %

The company’s 50 day moving average price is $38.16 and its 200 day moving average price is $35.41. The firm has a market capitalization of $792.23 million, a price-to-earnings ratio of 14.64 and a beta of 0.69.

Hedge Funds Weigh In On Horizon Kinetics Inflation Beneficiaries ETF

A number of institutional investors have recently added to or reduced their stakes in INFL. Lowe Wealth Advisors LLC grew its stake in shares of Horizon Kinetics Inflation Beneficiaries ETF by 3.5% in the third quarter. Lowe Wealth Advisors LLC now owns 230,564 shares of the company’s stock valued at $8,667,000 after buying an additional 7,740 shares in the last quarter. Longview Financial Advisors Inc. lifted its position in shares of Horizon Kinetics Inflation Beneficiaries ETF by 0.5% during the 3rd quarter. Longview Financial Advisors Inc. now owns 149,144 shares of the company’s stock worth $5,606,000 after purchasing an additional 712 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Horizon Kinetics Inflation Beneficiaries ETF by 23.5% during the second quarter. Bank of New York Mellon Corp now owns 223,372 shares of the company’s stock worth $7,300,000 after purchasing an additional 42,538 shares in the last quarter. Moody Lynn & Lieberson LLC acquired a new stake in Horizon Kinetics Inflation Beneficiaries ETF in the third quarter valued at $370,000. Finally, Hilltop National Bank boosted its position in shares of Horizon Kinetics Inflation Beneficiaries ETF by 12.6% during the 2nd quarter. Hilltop National Bank now owns 96,217 shares of the company’s stock worth $3,144,000 after acquiring an additional 10,802 shares in the last quarter.

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.