Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) Hits New 12-Month High – What’s Next?

Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) shares reached a new 52-week high on Friday . The company traded as high as $40.45 and last traded at $40.45, with a volume of 11294 shares. The stock had previously closed at $40.09.

Horizon Kinetics Inflation Beneficiaries ETF Trading Up 0.3 %

The business’s fifty day moving average price is $37.70 and its 200 day moving average price is $35.02. The company has a market capitalization of $788.12 million, a P/E ratio of 14.64 and a beta of 0.69.

Institutional Investors Weigh In On Horizon Kinetics Inflation Beneficiaries ETF

Several large investors have recently made changes to their positions in INFL. Hilltop National Bank bought a new position in Horizon Kinetics Inflation Beneficiaries ETF in the 1st quarter worth approximately $2,781,000. Bank of New York Mellon Corp increased its stake in shares of Horizon Kinetics Inflation Beneficiaries ETF by 23.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 223,372 shares of the company’s stock valued at $7,300,000 after buying an additional 42,538 shares during the period. Moody Lynn & Lieberson LLC bought a new stake in shares of Horizon Kinetics Inflation Beneficiaries ETF during the third quarter worth $370,000. Lowe Wealth Advisors LLC raised its holdings in Horizon Kinetics Inflation Beneficiaries ETF by 4.1% in the second quarter. Lowe Wealth Advisors LLC now owns 222,824 shares of the company’s stock worth $7,282,000 after purchasing an additional 8,799 shares during the period. Finally, Longview Financial Advisors Inc. increased its position in shares of Horizon Kinetics Inflation Beneficiaries ETF by 0.5% in the 3rd quarter. Longview Financial Advisors Inc. now owns 149,144 shares of the company’s stock valued at $5,606,000 after buying an additional 712 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.