Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL – Get Free Report) shares saw strong trading volume on Monday . 1,518,159 shares traded hands during mid-day trading, an increase of 959% from the previous session’s volume of 143,357 shares.The stock last traded at $38.72 and had previously closed at $38.82.
Horizon Kinetics Inflation Beneficiaries ETF Trading Up 0.4 %
The firm has a market capitalization of $759.70 million, a P/E ratio of 14.64 and a beta of 0.69. The business has a 50 day moving average of $36.59 and a 200-day moving average of $34.46.
Institutional Investors Weigh In On Horizon Kinetics Inflation Beneficiaries ETF
Several large investors have recently made changes to their positions in INFL. Lowe Wealth Advisors LLC lifted its holdings in shares of Horizon Kinetics Inflation Beneficiaries ETF by 3.0% in the first quarter. Lowe Wealth Advisors LLC now owns 214,025 shares of the company’s stock valued at $6,969,000 after purchasing an additional 6,180 shares in the last quarter. Hilltop National Bank bought a new stake in Horizon Kinetics Inflation Beneficiaries ETF in the 1st quarter valued at approximately $2,781,000. Finally, Bank of New York Mellon Corp lifted its stake in 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 acquiring an additional 42,538 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.
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