Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) Shares Down 0.5% – Here’s Why

Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) traded down 0.5% on Wednesday . The company traded as low as $41.32 and last traded at $41.55. 116,711 shares changed hands during trading, a decline of 18% from the average session volume of 142,871 shares. The stock had previously closed at $41.75.

Horizon Kinetics Inflation Beneficiaries ETF Stock Performance

The stock has a market capitalization of $1.21 billion, a price-to-earnings ratio of 24.81 and a beta of 0.83. The business has a 50-day moving average of $40.01 and a 200-day moving average of $40.04.

Horizon Kinetics Inflation Beneficiaries ETF Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, March 27th. Stockholders of record on Wednesday, March 26th were paid a $0.17 dividend. This is an increase from Horizon Kinetics Inflation Beneficiaries ETF’s previous dividend of $0.14. The ex-dividend date of this dividend was Wednesday, March 26th.

Hedge Funds Weigh In On Horizon Kinetics Inflation Beneficiaries ETF

A number of hedge funds have recently made changes to their positions in INFL. Hilltop National Bank boosted its stake in shares of Horizon Kinetics Inflation Beneficiaries ETF by 25.0% in the fourth quarter. Hilltop National Bank now owns 124,115 shares of the company’s stock valued at $4,726,000 after purchasing an additional 24,840 shares during the period. Janney Montgomery Scott LLC boosted its position in Horizon Kinetics Inflation Beneficiaries ETF by 42.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 90,067 shares of the company’s stock valued at $3,430,000 after buying an additional 26,925 shares during the period. Longview Financial Advisors Inc. grew its stake in shares of Horizon Kinetics Inflation Beneficiaries ETF by 5.1% in the fourth quarter. Longview Financial Advisors Inc. now owns 156,793 shares of the company’s stock worth $5,971,000 after acquiring an additional 7,649 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Horizon Kinetics Inflation Beneficiaries ETF by 14.1% during the fourth quarter. Bank of New York Mellon Corp now owns 284,096 shares of the company’s stock worth $10,818,000 after acquiring an additional 35,168 shares during the period. Finally, Private Trust Co. NA raised its stake in shares of Horizon Kinetics Inflation Beneficiaries ETF by 2,495.3% in the fourth quarter. Private Trust Co. NA now owns 2,777 shares of the company’s stock valued at $106,000 after acquiring an additional 2,670 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.