Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) Hits New 12-Month High – What’s Next?

Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) shares hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $46.10 and last traded at $46.1060, with a volume of 8781 shares trading hands. The stock had previously closed at $45.49.

Horizon Kinetics Inflation Beneficiaries ETF Stock Up 1.5%

The firm’s 50-day moving average price is $44.27 and its 200 day moving average price is $43.37. The firm has a market cap of $1.37 billion, a P/E ratio of -2,001.95 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 given a $0.102 dividend. This is a positive change from Horizon Kinetics Inflation Beneficiaries ETF’s previous quarterly dividend of $0.10. The ex-dividend date was Tuesday, December 23rd. This represents a $0.41 annualized dividend and a yield of 0.9%. Horizon Kinetics Inflation Beneficiaries ETF’s payout ratio is currently -2,427.61%.

Hedge Funds Weigh In On Horizon Kinetics Inflation Beneficiaries ETF

Several hedge funds and other institutional investors have recently made changes to their positions in INFL. Janney Montgomery Scott LLC boosted its position in 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 worth $11,793,000 after acquiring an additional 26,550 shares during the period. Copia Wealth Management raised its stake in shares of Horizon Kinetics Inflation Beneficiaries ETF by 55.3% during the second quarter. Copia Wealth Management now owns 12,469 shares of the company’s stock valued at $526,000 after purchasing an additional 4,441 shares in the last quarter. Waterloo Capital L.P. bought a new stake in shares of Horizon Kinetics Inflation Beneficiaries ETF during the second quarter valued at about $4,023,000. Leavell Investment Management Inc. acquired a new stake in Horizon Kinetics Inflation Beneficiaries ETF in the second quarter worth about $1,438,000. Finally, JPMorgan Chase & Co. grew its position in Horizon Kinetics Inflation Beneficiaries ETF by 15.1% in 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.

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.