Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) Hits New 52-Week High – What’s Next?

Shares of Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $50.59 and last traded at $49.83, with a volume of 383602 shares changing hands. The stock had previously closed at $49.90.

Horizon Kinetics Inflation Beneficiaries ETF Trading Down 0.1%

The company has a market cap of $1.47 billion, a PE ratio of -2,160.14 and a beta of 0.79. The firm has a 50 day moving average of $45.26 and a two-hundred day moving average of $43.92.

Horizon Kinetics Inflation Beneficiaries ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Tuesday, December 23rd were issued a $0.102 dividend. This represents a $0.41 annualized dividend and a yield of 0.8%. This is a boost from Horizon Kinetics Inflation Beneficiaries ETF’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Tuesday, December 23rd. Horizon Kinetics Inflation Beneficiaries ETF’s dividend payout ratio is presently -2,427.61%.

Institutional Investors Weigh In On Horizon Kinetics Inflation Beneficiaries ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. lifted 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 valued at $201,379,000 after purchasing an additional 628,255 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Horizon Kinetics Inflation Beneficiaries ETF by 10.5% during the 2nd quarter. Janney Montgomery Scott LLC now owns 279,661 shares of the company’s stock valued at $11,793,000 after acquiring an additional 26,550 shares during the last quarter. Captrust Financial Advisors grew its stake in shares of Horizon Kinetics Inflation Beneficiaries ETF by 1.2% in the third quarter. Captrust Financial Advisors now owns 264,287 shares of the company’s stock worth $11,812,000 after acquiring an additional 3,042 shares during the period. Lowe Wealth Advisors LLC grew its stake in shares of Horizon Kinetics Inflation Beneficiaries ETF by 2.3% in the third quarter. Lowe Wealth Advisors LLC now owns 250,770 shares of the company’s stock worth $11,208,000 after acquiring an additional 5,652 shares during the period. Finally, Longview Financial Advisors Inc. raised its holdings in shares of Horizon Kinetics Inflation Beneficiaries ETF by 1.1% during the third quarter. Longview Financial Advisors Inc. now owns 167,710 shares of the company’s stock valued at $7,496,000 after purchasing an additional 1,892 shares during 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.