Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) Sees Unusually-High Trading Volume – Time to Buy?

Shares of Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) saw strong trading volume on Monday . 840,677 shares changed hands during mid-day trading, an increase of 932% from the previous session’s volume of 81,472 shares.The stock last traded at $45.0950 and had previously closed at $44.75.

Horizon Kinetics Inflation Beneficiaries ETF Stock Performance

The business’s 50 day moving average price is $44.15 and its 200-day moving average price is $43.31. The firm has a market cap of $1.34 billion, a price-to-earnings ratio of -1,949.02 and a beta of 0.79.

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 dividend of $0.102 per share. The ex-dividend date of this dividend was Tuesday, December 23rd. This represents a $0.41 dividend on an annualized basis and a yield of 0.9%. This is a boost from Horizon Kinetics Inflation Beneficiaries ETF’s previous quarterly dividend of $0.10. Horizon Kinetics Inflation Beneficiaries ETF’s dividend payout ratio (DPR) is -2,427.61%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. IFP Advisors Inc boosted its position in Horizon Kinetics Inflation Beneficiaries ETF by 0.3% during the 3rd quarter. IFP Advisors Inc now owns 110,823 shares of the company’s stock worth $4,953,000 after acquiring an additional 375 shares during the period. Captrust Financial Advisors increased its holdings in shares of Horizon Kinetics Inflation Beneficiaries ETF by 1.2% during the third quarter. Captrust Financial Advisors now owns 264,287 shares of the company’s stock valued at $11,812,000 after purchasing an additional 3,042 shares during the period. Longview Financial Advisors Inc. raised its stake 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 in the last quarter. Ameriflex Group Inc. raised its stake in shares of Horizon Kinetics Inflation Beneficiaries ETF by 306.1% during the third quarter. Ameriflex Group Inc. now owns 4,906 shares of the company’s stock valued at $219,000 after purchasing an additional 3,698 shares in the last quarter. Finally, Waterloo Capital L.P. lifted its holdings in Horizon Kinetics Inflation Beneficiaries ETF by 2.9% in the third quarter. Waterloo Capital L.P. now owns 98,196 shares of the company’s stock worth $4,389,000 after purchasing an additional 2,797 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.