Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) Sees Strong Trading Volume – Still a Buy?

Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) saw unusually-high trading volume on Monday . 168,417 shares traded hands during mid-day trading, a decline of 46% from the previous session’s volume of 313,895 shares.The stock last traded at $49.90 and had previously closed at $49.78.

Horizon Kinetics Inflation Beneficiaries ETF Price Performance

The company has a market cap of $1.48 billion, a PE ratio of -2,170.97 and a beta of 0.69. The company has a 50-day moving average price of $51.46 and a two-hundred day moving average price of $50.68.

Institutional Trading of Horizon Kinetics Inflation Beneficiaries ETF

Several large investors have recently bought and sold shares of the company. Principia Wealth Advisory LLC lifted its position 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 worth $429,000 after purchasing an additional 465 shares in the last quarter. NewEdge Advisors LLC boosted its position in Horizon Kinetics Inflation Beneficiaries ETF by 9.4% in the 2nd 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 last quarter. Copia Wealth Management grew 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 acquiring an additional 217 shares in the last quarter. Waterloo Capital L.P. raised its position 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. Finally, IFP Advisors Inc increased its stake in shares of Horizon Kinetics Inflation Beneficiaries ETF by 0.3% in the third quarter. IFP Advisors Inc now owns 110,823 shares of the company’s stock worth $4,953,000 after buying an additional 375 shares during 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.