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

Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) saw unusually-strong trading volume on Friday . Approximately 204,124 shares changed hands during trading, a decline of 35% from the previous session’s volume of 315,811 shares.The stock last traded at $50.70 and had previously closed at $50.29.

Horizon Kinetics Inflation Beneficiaries ETF Stock Up 2.4%

The company has a market cap of $1.48 billion, a PE ratio of -2,231.66 and a beta of 0.68. The company has a 50-day moving average of $52.60 and a 200-day moving average of $49.98.

Institutional Trading of Horizon Kinetics Inflation Beneficiaries ETF

Hedge funds have recently bought and sold shares of the business. Janney Montgomery Scott LLC lifted its holdings in Horizon Kinetics Inflation Beneficiaries ETF by 4.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 303,553 shares of the company’s stock worth $13,496,000 after acquiring an additional 12,300 shares during the period. Captrust Financial Advisors lifted its holdings in Horizon Kinetics Inflation Beneficiaries ETF by 4.3% during the fourth quarter. Captrust Financial Advisors now owns 275,747 shares of the company’s stock worth $12,260,000 after acquiring an additional 11,460 shares during the period. NewEdge Advisors LLC lifted its holdings in Horizon Kinetics Inflation Beneficiaries ETF by 9.4% during the second quarter. NewEdge Advisors LLC now owns 12,009 shares of the company’s stock worth $506,000 after acquiring an additional 1,028 shares during the period. Bank of New York Mellon Corp lifted its holdings in Horizon Kinetics Inflation Beneficiaries ETF by 9.7% during the first quarter. Bank of New York Mellon Corp now owns 433,834 shares of the company’s stock worth $22,585,000 after acquiring an additional 38,447 shares during the period. Finally, Longview Financial Advisors Inc. lifted its holdings in Horizon Kinetics Inflation Beneficiaries ETF by 2.5% during the first quarter. Longview Financial Advisors Inc. now owns 177,208 shares of the company’s stock worth $9,225,000 after acquiring an additional 4,295 shares during the period.

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.