Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) Sees Unusually-High Trading Volume – Here’s Why

Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) shares saw strong trading volume on Tuesday . 167,264 shares changed hands during trading, an increase of 41% from the previous session’s volume of 118,538 shares.The stock last traded at $38.81 and had previously closed at $39.52.

Horizon Kinetics Inflation Beneficiaries ETF Stock Performance

The firm has a market cap of $1.10 billion, a price-to-earnings ratio of 22.38 and a beta of 0.87. The business’s 50-day moving average is $39.61 and its 200-day moving average is $39.22.

Institutional Investors Weigh In On Horizon Kinetics Inflation Beneficiaries ETF

A number of institutional investors and hedge funds have recently modified their holdings of INFL. Bank of New York Mellon Corp grew its holdings in Horizon Kinetics Inflation Beneficiaries ETF by 14.1% during the fourth quarter. Bank of New York Mellon Corp now owns 284,096 shares of the company’s stock valued at $10,818,000 after purchasing an additional 35,168 shares during the period. Janney Montgomery Scott LLC boosted its holdings in shares of Horizon Kinetics Inflation Beneficiaries ETF by 42.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 90,067 shares of the company’s stock valued at $3,430,000 after buying an additional 26,925 shares during the period. Hilltop National Bank lifted its holdings in shares of Horizon Kinetics Inflation Beneficiaries ETF by 25.0% in the fourth quarter. Hilltop National Bank now owns 124,115 shares of the company’s stock valued at $4,726,000 after purchasing an additional 24,840 shares in the last quarter. Captrust Financial Advisors lifted its stake in Horizon Kinetics Inflation Beneficiaries ETF by 4.3% in the 3rd quarter. Captrust Financial Advisors now owns 263,725 shares of the company’s stock valued at $9,913,000 after acquiring an additional 10,872 shares in the last quarter. Finally, Longview Financial Advisors Inc. raised its holdings in shares of Horizon Kinetics Inflation Beneficiaries ETF by 5.1% in the fourth quarter. Longview Financial Advisors Inc. now owns 156,793 shares of the company’s stock valued at $5,971,000 after purchasing an additional 7,649 shares during 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.