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

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

Horizon Kinetics Inflation Beneficiaries ETF Price Performance

The company has a market capitalization of $1.55 billion, a P/E ratio of -2,249.87 and a beta of 0.79. The business’s 50-day moving average price is $51.53 and its two-hundred day moving average price is $46.98.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in INFL. NewEdge Advisors LLC increased its holdings in shares of Horizon Kinetics Inflation Beneficiaries ETF by 9.4% in the second quarter. NewEdge Advisors LLC now owns 12,009 shares of the company’s stock worth $506,000 after acquiring an additional 1,028 shares in the last quarter. LM Advisors LLC bought a new position in shares of Horizon Kinetics Inflation Beneficiaries ETF during the 2nd quarter valued at about $298,000. Lowe Wealth Advisors LLC grew its position in shares of Horizon Kinetics Inflation Beneficiaries ETF by 2.3% in the 3rd quarter. Lowe Wealth Advisors LLC now owns 250,770 shares of the company’s stock valued at $11,208,000 after purchasing an additional 5,652 shares during the period. Leavell Investment Management Inc. grew its position in shares of Horizon Kinetics Inflation Beneficiaries ETF by 32.3% in the 3rd quarter. Leavell Investment Management Inc. now owns 45,121 shares of the company’s stock valued at $2,017,000 after purchasing an additional 11,020 shares during the period. Finally, Copia Wealth Management increased its stake in Horizon Kinetics Inflation Beneficiaries ETF by 25.0% during the 3rd quarter. Copia Wealth Management now owns 15,586 shares of the company’s stock worth $697,000 after purchasing an additional 3,117 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.