Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) Hits New 52-Week High – What’s Next?

Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL)’s share price hit a new 52-week high on Wednesday . The stock traded as high as $56.18 and last traded at $56.01, with a volume of 188716 shares. The stock had previously closed at $55.72.

Horizon Kinetics Inflation Beneficiaries ETF Stock Up 0.4%

The firm has a market capitalization of $1.65 billion, a PE ratio of -2,427.61 and a beta of 0.69. The business has a 50-day moving average price of $51.39 and a 200-day moving average price of $51.99.

Institutional Trading of Horizon Kinetics Inflation Beneficiaries ETF

Several large investors have recently added to or reduced their stakes in INFL. NewEdge Advisors LLC increased its position 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 purchasing an additional 1,028 shares during the last quarter. Captrust Financial Advisors increased its holdings in shares of Horizon Kinetics Inflation Beneficiaries ETF by 1.2% during the 3rd quarter. Captrust Financial Advisors now owns 264,287 shares of the company’s stock worth $11,812,000 after buying an additional 3,042 shares during the last quarter. Longview Financial Advisors Inc. increased its holdings in shares of Horizon Kinetics Inflation Beneficiaries ETF by 3.1% during the 4th quarter. Longview Financial Advisors Inc. now owns 172,913 shares of the company’s stock worth $7,688,000 after buying an additional 5,203 shares during the last quarter. Copia Wealth Management raised its position 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 valued at $703,000 after buying an additional 217 shares during the period. Finally, Principia Wealth Advisory LLC raised its position in shares of Horizon Kinetics Inflation Beneficiaries ETF by 5.1% during the 4th 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.

Horizon Kinetics Inflation Beneficiaries ETF Company Profile

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.