Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) Hits New 1-Year High – Here’s Why

Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL)’s stock price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $40.45 and last traded at $40.45, with a volume of 11294 shares. The stock had previously closed at $40.09.

Horizon Kinetics Inflation Beneficiaries ETF Stock Performance

The stock has a 50 day moving average of $37.78 and a two-hundred day moving average of $35.08. The stock has a market cap of $780.47 million, a PE ratio of 14.64 and a beta of 0.69.

Hedge Funds Weigh In On Horizon Kinetics Inflation Beneficiaries ETF

A number of institutional investors have recently bought and sold shares of INFL. Hilltop National Bank purchased a new position in Horizon Kinetics Inflation Beneficiaries ETF in the 1st quarter worth about $2,781,000. Lowe Wealth Advisors LLC increased its stake in Horizon Kinetics Inflation Beneficiaries ETF by 4.1% in the 2nd quarter. Lowe Wealth Advisors LLC now owns 222,824 shares of the company’s stock worth $7,282,000 after purchasing an additional 8,799 shares in the last quarter. Bank of New York Mellon Corp increased 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 worth $7,300,000 after purchasing an additional 42,538 shares in the last quarter. Longview Financial Advisors Inc. increased its stake in Horizon Kinetics Inflation Beneficiaries ETF by 0.5% in the 3rd quarter. Longview Financial Advisors Inc. now owns 149,144 shares of the company’s stock worth $5,606,000 after purchasing an additional 712 shares in the last quarter. Finally, Moody Lynn & Lieberson LLC purchased a new position in Horizon Kinetics Inflation Beneficiaries ETF in the 3rd quarter worth about $370,000.

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.