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

Shares of Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) saw strong trading volume on Friday . 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 Price Performance

The firm has a market capitalization of $1.47 billion, a P/E ratio of -2,211.72 and a beta of 0.68. The firm has a 50-day moving average price of $52.59 and a two-hundred day moving average price of $49.98.

Institutional Trading of Horizon Kinetics Inflation Beneficiaries ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Ameriflex Group Inc. lifted its position in shares of Horizon Kinetics Inflation Beneficiaries ETF by 306.1% during the third quarter. Ameriflex Group Inc. now owns 4,906 shares of the company’s stock worth $219,000 after purchasing an additional 3,698 shares during the last quarter. Principia Wealth Advisory LLC increased its stake in shares of Horizon Kinetics Inflation Beneficiaries ETF by 5.1% during the fourth quarter. Principia Wealth Advisory LLC now owns 9,655 shares of the company’s stock valued at $429,000 after buying an additional 465 shares during the period. NewEdge Advisors LLC increased its stake in shares of 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 valued at $506,000 after buying an additional 1,028 shares during the period. Copia Wealth Management increased its stake in shares of Horizon Kinetics Inflation Beneficiaries ETF by 1.4% during the fourth quarter. Copia Wealth Management now owns 15,803 shares of the company’s stock valued at $703,000 after buying an additional 217 shares during the period. Finally, Waterloo Capital L.P. increased its stake in shares of Horizon Kinetics Inflation Beneficiaries ETF by 1.9% during the fourth quarter. Waterloo Capital L.P. now owns 100,041 shares of the company’s stock valued at $4,448,000 after buying an additional 1,845 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.