Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) Hits New 12-Month High – Here’s Why

Shares of Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) reached a new 52-week high during trading on Thursday . The stock traded as high as $47.87 and last traded at $47.81, with a volume of 256881 shares traded. The stock had previously closed at $47.08.

Horizon Kinetics Inflation Beneficiaries ETF Trading Up 1.6%

The business has a 50 day simple moving average of $44.56 and a two-hundred day simple moving average of $43.52. The company has a market cap of $1.39 billion, a PE ratio of -2,072.57 and a beta of 0.79.

Horizon Kinetics Inflation Beneficiaries ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 24th. Investors of record on Tuesday, December 23rd were given a dividend of $0.102 per share. This represents a $0.41 annualized dividend and a yield of 0.9%. This is a boost from Horizon Kinetics Inflation Beneficiaries ETF’s previous quarterly dividend of $0.10. The ex-dividend date was Tuesday, December 23rd. Horizon Kinetics Inflation Beneficiaries ETF’s dividend payout ratio (DPR) is currently -2,427.61%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. lifted its holdings in shares of Horizon Kinetics Inflation Beneficiaries ETF by 15.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,775,405 shares of the company’s stock worth $201,379,000 after acquiring an additional 628,255 shares during the period. Waterloo Capital L.P. acquired a new position in Horizon Kinetics Inflation Beneficiaries ETF during the second quarter worth approximately $4,023,000. Leavell Investment Management Inc. purchased a new position in Horizon Kinetics Inflation Beneficiaries ETF during the second quarter worth approximately $1,438,000. Janney Montgomery Scott LLC boosted its holdings in shares of Horizon Kinetics Inflation Beneficiaries ETF by 10.5% in the 2nd quarter. Janney Montgomery Scott LLC now owns 279,661 shares of the company’s stock valued at $11,793,000 after purchasing an additional 26,550 shares during the last quarter. Finally, LM Advisors LLC purchased a new stake in shares of Horizon Kinetics Inflation Beneficiaries ETF during the 2nd quarter valued at $298,000.

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.