Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) Sees Strong Trading Volume – What’s Next?

Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) shares saw strong trading volume on Tuesday. Approximately 262,870 shares traded hands during trading, an increase of 4% from the previous session’s volume of 252,913 shares. The stock last traded at $50.6740 and had previously closed at $50.78.

Horizon Kinetics Inflation Beneficiaries ETF Trading Down 0.7%

The stock has a market capitalization of $1.53 billion, a P/E ratio of -2,186.54 and a beta of 0.70. The company has a 50-day moving average price of $53.25 and a two-hundred day moving average price of $52.24.

Horizon Kinetics Inflation Beneficiaries ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 24th. Investors of record on Wednesday, September 23rd were paid a dividend of $0.0893 per share. This is a decrease from Horizon Kinetics Inflation Beneficiaries ETF’s previous quarterly dividend of $0.13. This represents a $0.36 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Wednesday, September 23rd. Horizon Kinetics Inflation Beneficiaries ETF’s payout ratio is -1,734.00%.

Hedge Funds Weigh In On Horizon Kinetics Inflation Beneficiaries ETF

Several institutional investors have recently added to or reduced their stakes in INFL. NBH Bank bought a new position in shares of Horizon Kinetics Inflation Beneficiaries ETF during the 2nd quarter worth approximately $71,000. Principia Wealth Advisory LLC increased its stake in shares of Horizon Kinetics Inflation Beneficiaries ETF by 4.1% in the 2nd quarter. Principia Wealth Advisory LLC now owns 8,465 shares of the company’s stock valued at $422,000 after acquiring an additional 330 shares in the last quarter. Longview Financial Advisors Inc. increased its stake in shares of Horizon Kinetics Inflation Beneficiaries ETF by 2.5% in the 1st quarter. Longview Financial Advisors Inc. now owns 177,208 shares of the company’s stock valued at $9,225,000 after acquiring an additional 4,295 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Horizon Kinetics Inflation Beneficiaries ETF by 9.7% during the 1st quarter. Bank of New York Mellon Corp now owns 433,834 shares of the company’s stock valued at $22,585,000 after acquiring an additional 38,447 shares during the period.

Horizon Kinetics Inflation Beneficiaries ETF Company Profile

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.