Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) Sets New 1-Year High – Time to Buy?

Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $53.54 and last traded at $53.21, with a volume of 81450 shares traded. The stock had previously closed at $53.14.

Horizon Kinetics Inflation Beneficiaries ETF Stock Up 0.7%

The company has a market capitalization of $1.63 billion, a P/E ratio of -2,362.15 and a beta of 0.79. The stock has a fifty day simple moving average of $48.61 and a 200-day simple moving average of $45.41.

Horizon Kinetics Inflation Beneficiaries ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Tuesday, December 23rd were given a $0.102 dividend. This represents a $0.41 dividend on an annualized basis and a yield of 0.7%. This is a boost 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 (DPR) is presently -2,427.61%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Waterloo Capital L.P. acquired a new stake in Horizon Kinetics Inflation Beneficiaries ETF during the 2nd quarter valued at $4,023,000. Leavell Investment Management Inc. increased its stake in shares of Horizon Kinetics Inflation Beneficiaries ETF by 32.3% in the third quarter. Leavell Investment Management Inc. now owns 45,121 shares of the company’s stock valued at $2,017,000 after buying an additional 11,020 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Horizon Kinetics Inflation Beneficiaries ETF by 15.1% in the second 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 during the last quarter. LM Advisors LLC acquired a new position in Horizon Kinetics Inflation Beneficiaries ETF during the 2nd quarter worth about $298,000. Finally, Lowe Wealth Advisors LLC grew its holdings in Horizon Kinetics Inflation Beneficiaries ETF by 2.3% during the 3rd 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 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.