Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) Sets New 12-Month High – Here’s What Happened

Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) shares reached a new 52-week high during trading on Thursday . The stock traded as high as $55.25 and last traded at $55.24, with a volume of 106151 shares trading hands. The stock had previously closed at $54.11.

Horizon Kinetics Inflation Beneficiaries ETF Stock Performance

The company has a market cap of $1.61 billion, a price-to-earnings ratio of -2,382.52 and a beta of 0.69. The stock’s fifty day simple moving average is $50.79 and its two-hundred day simple moving average is $51.71.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its stake in Horizon Kinetics Inflation Beneficiaries ETF by 9.7% during the first quarter. Bank of New York Mellon Corp now owns 433,834 shares of the company’s stock worth $22,585,000 after acquiring an additional 38,447 shares during the last quarter. Janney Montgomery Scott LLC increased its position in Horizon Kinetics Inflation Beneficiaries ETF by 4.2% during the 4th 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 in the last quarter. Captrust Financial Advisors increased its position in 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 purchasing an additional 11,460 shares in the last quarter. Longview Financial Advisors Inc. raised its holdings in Horizon Kinetics Inflation Beneficiaries ETF by 5.7% in the second quarter. Longview Financial Advisors Inc. now owns 187,257 shares of the company’s stock valued at $9,340,000 after buying an additional 10,049 shares during the period. Finally, Waterloo Capital L.P. lifted its position in 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 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.