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

Shares of Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) saw unusually-high trading volume on Friday . Approximately 255,127 shares changed hands during mid-day trading, a decline of 13% from the previous session’s volume of 293,460 shares.The stock last traded at $53.11 and had previously closed at $53.24.

Horizon Kinetics Inflation Beneficiaries ETF Trading Down 0.7%

The company’s fifty day moving average is $52.73 and its 200 day moving average is $48.23. The company has a market capitalization of $1.51 billion, a P/E ratio of -2,292.79 and a beta of 0.76.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Ameriflex Group Inc. boosted its holdings in Horizon Kinetics Inflation Beneficiaries ETF by 306.1% in the 3rd quarter. Ameriflex Group Inc. now owns 4,906 shares of the company’s stock valued at $219,000 after purchasing an additional 3,698 shares during the period. Principia Wealth Advisory LLC boosted its holdings in Horizon Kinetics Inflation Beneficiaries ETF by 5.1% in the 4th quarter. Principia Wealth Advisory LLC now owns 9,655 shares of the company’s stock valued at $429,000 after purchasing an additional 465 shares during the period. NewEdge Advisors LLC boosted its holdings in Horizon Kinetics Inflation Beneficiaries ETF by 9.4% in the 2nd quarter. NewEdge Advisors LLC now owns 12,009 shares of the company’s stock valued at $506,000 after purchasing an additional 1,028 shares during the period. Copia Wealth Management boosted its holdings in Horizon Kinetics Inflation Beneficiaries ETF by 25.0% in the 3rd quarter. Copia Wealth Management now owns 15,586 shares of the company’s stock valued at $697,000 after purchasing an additional 3,117 shares during the period. Finally, Leavell Investment Management Inc. boosted its holdings in Horizon Kinetics Inflation Beneficiaries ETF by 32.3% in the 3rd quarter. Leavell Investment Management Inc. now owns 45,121 shares of the company’s stock valued at $2,017,000 after purchasing an additional 11,020 shares during the period.

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.