Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) Sees Strong Trading Volume – Here’s What Happened

Shares of Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) saw strong trading volume on Friday . 2,489,515 shares traded hands during trading, an increase of 741% from the previous session’s volume of 295,974 shares.The stock last traded at $49.00 and had previously closed at $51.00.

Horizon Kinetics Inflation Beneficiaries ETF Stock Performance

The firm’s fifty day moving average price is $45.72 and its 200 day moving average price is $44.07. The firm has a market cap of $1.46 billion, a P/E ratio of -2,124.15 and a beta of 0.79.

Horizon Kinetics Inflation Beneficiaries ETF Increases Dividend

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its position in shares of Horizon Kinetics Inflation Beneficiaries ETF by 15.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,775,405 shares of the company’s stock valued at $201,379,000 after buying an additional 628,255 shares in the last quarter. Janney Montgomery Scott LLC grew its position in shares of Horizon Kinetics Inflation Beneficiaries ETF by 10.5% in the second quarter. Janney Montgomery Scott LLC now owns 279,661 shares of the company’s stock valued at $11,793,000 after purchasing an additional 26,550 shares during the period. Captrust Financial Advisors grew its position 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 valued at $11,812,000 after purchasing an additional 3,042 shares during the period. Lowe Wealth Advisors LLC increased its stake in shares of 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 worth $11,208,000 after purchasing an additional 5,652 shares in the last quarter. Finally, Longview Financial Advisors Inc. raised its position in shares of Horizon Kinetics Inflation Beneficiaries ETF by 1.1% during the 3rd quarter. Longview Financial Advisors Inc. now owns 167,710 shares of the company’s stock worth $7,496,000 after purchasing an additional 1,892 shares during the last quarter.

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.