Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) Hits New 1-Year High – Here’s What Happened

Shares of Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $53.54 and last traded at $53.21, with a volume of 81450 shares traded. The stock had previously closed at $53.14.

Horizon Kinetics Inflation Beneficiaries ETF Price Performance

The firm has a 50-day moving average price of $48.21 and a 200 day moving average price of $45.27. The company has a market cap of $1.59 billion, a price-to-earnings ratio of -2,306.66 and a beta of 0.79.

Horizon Kinetics Inflation Beneficiaries ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 24th. Investors of record on Tuesday, December 23rd were paid a $0.102 dividend. 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. This represents a $0.41 annualized dividend and a yield of 0.8%. Horizon Kinetics Inflation Beneficiaries ETF’s dividend payout ratio is presently -2,427.61%.

Institutional Trading of Horizon Kinetics Inflation Beneficiaries ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of Jackson Hole Trust bought a new stake in shares of Horizon Kinetics Inflation Beneficiaries ETF during the 2nd quarter worth approximately $60,000. JPMorgan Chase & Co. increased its holdings in shares of Horizon Kinetics Inflation Beneficiaries ETF by 15.1% during the second quarter. JPMorgan Chase & Co. now owns 4,775,405 shares of the company’s stock worth $201,379,000 after buying an additional 628,255 shares in the last quarter. Waterloo Capital L.P. acquired a new position in Horizon Kinetics Inflation Beneficiaries ETF in the 2nd quarter worth about $4,023,000. NewEdge Advisors LLC increased its stake in shares of 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 valued at $506,000 after buying an additional 1,028 shares during the period. Finally, LM Advisors LLC bought a new position in shares of Horizon Kinetics Inflation Beneficiaries ETF during the second quarter valued at $298,000.

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.