Horizon Kinetics Inflation Beneficiaries ETF $INFL Shares Purchased by Leavell Investment Management Inc.

Leavell Investment Management Inc. raised its position in shares of Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) by 32.3% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 45,121 shares of the company’s stock after purchasing an additional 11,020 shares during the quarter. Leavell Investment Management Inc. owned about 0.15% of Horizon Kinetics Inflation Beneficiaries ETF worth $2,017,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Private Trust Co. NA lifted its holdings in shares of Horizon Kinetics Inflation Beneficiaries ETF by 801.0% in the second quarter. Private Trust Co. NA now owns 865 shares of the company’s stock valued at $36,000 after buying an additional 769 shares during the period. NewEdge Advisors LLC grew its stake in shares of Horizon Kinetics Inflation Beneficiaries ETF by 9.4% in the 2nd quarter. NewEdge Advisors LLC now owns 12,009 shares of the company’s stock worth $506,000 after purchasing an additional 1,028 shares during the last quarter. Bank of Jackson Hole Trust bought a new stake in shares of Horizon Kinetics Inflation Beneficiaries ETF in the 2nd quarter worth approximately $60,000. Copia Wealth Management raised its holdings in shares of Horizon Kinetics Inflation Beneficiaries ETF by 55.3% in the 2nd quarter. Copia Wealth Management now owns 12,469 shares of the company’s stock worth $526,000 after purchasing an additional 4,441 shares in the last quarter. Finally, Lowe Wealth Advisors LLC lifted its stake in Horizon Kinetics Inflation Beneficiaries ETF by 2.3% during the third quarter. Lowe Wealth Advisors LLC now owns 250,770 shares of the company’s stock valued at $11,208,000 after purchasing an additional 5,652 shares during the last quarter.

Horizon Kinetics Inflation Beneficiaries ETF Stock Performance

Horizon Kinetics Inflation Beneficiaries ETF stock opened at $48.35 on Friday. The firm has a market cap of $1.41 billion, a price-to-earnings ratio of -2,095.98 and a beta of 0.79. Horizon Kinetics Inflation Beneficiaries ETF has a 1 year low of $35.08 and a 1 year high of $48.35. The firm’s 50 day moving average price is $44.73 and its two-hundred day moving average price is $43.61.

Horizon Kinetics Inflation Beneficiaries ETF Increases Dividend

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

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.