Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) Sees Large Volume Increase – Should You Buy?

Shares of Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) saw unusually-strong trading volume on Tuesday . Approximately 486,269 shares traded hands during mid-day trading, an increase of 62% from the previous session’s volume of 299,958 shares.The stock last traded at $53.36 and had previously closed at $53.35.

Horizon Kinetics Inflation Beneficiaries ETF Stock Up 0.1%

The stock has a market cap of $1.53 billion, a P/E ratio of -2,314.03 and a beta of 0.70. The company’s 50 day moving average price is $52.71 and its two-hundred day moving average price is $48.60.

Institutional Investors Weigh In On Horizon Kinetics Inflation Beneficiaries ETF

Several hedge funds have recently made changes to their positions in INFL. Ameriflex Group Inc. grew its position in shares of Horizon Kinetics Inflation Beneficiaries ETF by 306.1% during the 3rd quarter. Ameriflex Group Inc. now owns 4,906 shares of the company’s stock worth $219,000 after buying an additional 3,698 shares in the last quarter. Principia Wealth Advisory LLC raised its holdings in shares of Horizon Kinetics Inflation Beneficiaries ETF by 5.1% in the fourth quarter. Principia Wealth Advisory LLC now owns 9,655 shares of the company’s stock valued at $429,000 after acquiring an additional 465 shares in the last quarter. NewEdge Advisors LLC lifted its stake in 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 during the period. Copia Wealth Management lifted its stake in Horizon Kinetics Inflation Beneficiaries ETF by 25.0% in the third quarter. Copia Wealth Management now owns 15,586 shares of the company’s stock worth $697,000 after acquiring an additional 3,117 shares during the period. Finally, Leavell Investment Management Inc. grew its holdings in Horizon Kinetics Inflation Beneficiaries ETF by 32.3% during the 3rd quarter. Leavell Investment Management Inc. now owns 45,121 shares of the company’s stock worth $2,017,000 after acquiring an additional 11,020 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.