Janney Montgomery Scott LLC Purchases 26,550 Shares of Horizon Kinetics Inflation Beneficiaries ETF $INFL

Janney Montgomery Scott LLC boosted its position in shares of Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) by 10.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 279,661 shares of the company’s stock after purchasing an additional 26,550 shares during the period. Janney Montgomery Scott LLC owned about 0.93% of Horizon Kinetics Inflation Beneficiaries ETF worth $11,793,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in INFL. GAMMA Investing LLC bought a new position in Horizon Kinetics Inflation Beneficiaries ETF during the 1st quarter valued at about $34,000. Principia Wealth Advisory LLC raised its stake in shares of Horizon Kinetics Inflation Beneficiaries ETF by 18.0% in the first quarter. Principia Wealth Advisory LLC now owns 7,769 shares of the company’s stock worth $299,000 after acquiring an additional 1,184 shares during the last quarter. Copia Wealth Management raised its stake in shares of Horizon Kinetics Inflation Beneficiaries ETF by 73.7% in the first quarter. Copia Wealth Management now owns 8,028 shares of the company’s stock worth $326,000 after acquiring an additional 3,405 shares during the last quarter. Baird Financial Group Inc. raised its stake in shares of Horizon Kinetics Inflation Beneficiaries ETF by 50.9% in the first quarter. Baird Financial Group Inc. now owns 124,625 shares of the company’s stock worth $5,066,000 after acquiring an additional 42,058 shares during the last quarter. Finally, Longview Financial Advisors Inc. raised its stake in shares of Horizon Kinetics Inflation Beneficiaries ETF by 7.6% in the first quarter. Longview Financial Advisors Inc. now owns 168,749 shares of the company’s stock worth $6,860,000 after acquiring an additional 11,956 shares during the last quarter.

Horizon Kinetics Inflation Beneficiaries ETF Trading Up 0.7%

Shares of NYSEARCA INFL opened at $44.99 on Friday. Horizon Kinetics Inflation Beneficiaries ETF has a 1-year low of $35.08 and a 1-year high of $45.08. The company has a market cap of $1.35 billion, a PE ratio of -1,950.32 and a beta of 0.92. The company has a 50-day moving average of $42.99 and a two-hundred day moving average of $41.87.

Horizon Kinetics Inflation Beneficiaries ETF Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Wednesday, September 24th were paid a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, September 24th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.9%. Horizon Kinetics Inflation Beneficiaries ETF’s payout ratio is currently -2,904.46%.

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.