Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) Shares Down 0.3% – Time to Sell?

Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) was down 0.3% on Wednesday . The stock traded as low as $51.75 and last traded at $51.90. Approximately 1,228,449 shares traded hands during mid-day trading, an increase of 275% from the average daily volume of 327,872 shares. The stock had previously closed at $52.06.

Horizon Kinetics Inflation Beneficiaries ETF Stock Performance

The company has a market capitalization of $1.55 billion, a price-to-earnings ratio of -2,249.87 and a beta of 0.79. The firm has a fifty day moving average price of $51.53 and a 200-day moving average price of $46.98.

Hedge Funds Weigh In On Horizon Kinetics Inflation Beneficiaries ETF

Several hedge funds have recently bought and sold shares of the company. Captrust Financial Advisors boosted its position in shares of Horizon Kinetics Inflation Beneficiaries ETF by 4.3% during the 4th 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 in the last quarter. Janney Montgomery Scott LLC lifted its stake 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 purchasing an additional 12,300 shares during the last quarter. Waterloo Capital L.P. boosted its holdings in shares of Horizon Kinetics Inflation Beneficiaries ETF by 1.9% in the 4th quarter. Waterloo Capital L.P. now owns 100,041 shares of the company’s stock valued at $4,448,000 after purchasing an additional 1,845 shares in the last quarter. Principia Wealth Advisory LLC increased 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 during the last quarter. Finally, Copia Wealth Management raised its holdings in shares of Horizon Kinetics Inflation Beneficiaries ETF by 1.4% during the 4th quarter. Copia Wealth Management now owns 15,803 shares of the company’s stock worth $703,000 after buying an additional 217 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.