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

Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) shares saw strong trading volume on Friday . 308,355 shares changed hands during trading, a decline of 1% from the previous session’s volume of 310,259 shares.The stock last traded at $51.76 and had previously closed at $52.45.

Horizon Kinetics Inflation Beneficiaries ETF Stock Performance

The company has a market cap of $1.47 billion, a price-to-earnings ratio of -2,220.83 and a beta of 0.68. The business has a fifty day moving average price of $52.73 and a 200 day moving average price of $49.72.

Institutional Investors Weigh In On Horizon Kinetics Inflation Beneficiaries ETF

Hedge funds have recently made changes to their positions in the stock. Ameriflex Group Inc. boosted its stake in shares of 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 in the last quarter. Principia Wealth Advisory LLC boosted its stake in shares of 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 in the last quarter. NewEdge Advisors LLC boosted its stake in shares of 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 in the last quarter. Copia Wealth Management boosted its stake in shares of Horizon Kinetics Inflation Beneficiaries ETF by 1.4% in the 4th quarter. Copia Wealth Management now owns 15,803 shares of the company’s stock valued at $703,000 after purchasing an additional 217 shares in the last quarter. Finally, Waterloo Capital L.P. boosted its stake in shares of Horizon Kinetics Inflation Beneficiaries ETF by 2.9% in the 3rd quarter. Waterloo Capital L.P. now owns 98,196 shares of the company’s stock valued at $4,389,000 after purchasing an additional 2,797 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.