Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) Reaches New 52-Week High – Time to Buy?

Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $40.46 and last traded at $40.46, with a volume of 155378 shares changing hands. The stock had previously closed at $39.80.

Horizon Kinetics Inflation Beneficiaries ETF Stock Up 1.6 %

The stock’s 50 day moving average price is $38.16 and its two-hundred 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.

Institutional Investors Weigh In On Horizon Kinetics Inflation Beneficiaries ETF

A number of large investors have recently bought and sold shares of the business. Moody Lynn & Lieberson LLC acquired a new position in shares of Horizon Kinetics Inflation Beneficiaries ETF in the 3rd quarter valued at $370,000. Hilltop National Bank acquired a new position in Horizon Kinetics Inflation Beneficiaries ETF in the first quarter worth about $2,781,000. Longview Financial Advisors Inc. boosted its holdings in Horizon Kinetics Inflation Beneficiaries ETF by 0.5% during the third quarter. Longview Financial Advisors Inc. now owns 149,144 shares of the company’s stock valued at $5,606,000 after purchasing an additional 712 shares in the last quarter. Lowe Wealth Advisors LLC lifted its position in shares of Horizon Kinetics Inflation Beneficiaries ETF by 4.1% during the 2nd quarter. Lowe Wealth Advisors LLC now owns 222,824 shares of the company’s stock worth $7,282,000 after buying an additional 8,799 shares during the period. Finally, Bank of New York Mellon Corp grew its position in Horizon Kinetics Inflation Beneficiaries ETF by 23.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 223,372 shares of the company’s stock worth $7,300,000 after acquiring an additional 42,538 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.