Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) Sees Strong Trading Volume – Time to Buy?

Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) saw unusually-strong trading volume on Wednesday . Approximately 363,483 shares changed hands during trading, an increase of 143% from the previous session’s volume of 149,763 shares.The stock last traded at $38.88 and had previously closed at $39.00.

Horizon Kinetics Inflation Beneficiaries ETF Price Performance

The company has a market cap of $749.31 million, a P/E ratio of 14.64 and a beta of 0.69. The stock’s 50-day moving average is $40.57 and its two-hundred day moving average is $37.24.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp lifted its position in 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 valued at $7,300,000 after purchasing an additional 42,538 shares in the last quarter. Captrust Financial Advisors boosted 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 worth $9,913,000 after purchasing an additional 10,872 shares during the period. Moody Lynn & Lieberson LLC purchased a new position in Horizon Kinetics Inflation Beneficiaries ETF during the third quarter valued at $370,000. Lowe Wealth Advisors LLC lifted its position 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 worth $8,667,000 after buying an additional 7,740 shares in the last quarter. Finally, Longview Financial Advisors Inc. boosted 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 valued at $5,606,000 after acquiring an additional 712 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.