Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) Reaches New 52-Week High – Here’s Why

Shares of Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $51.89 and last traded at $52.1950, with a volume of 14153 shares changing hands. The stock had previously closed at $51.67.

Horizon Kinetics Inflation Beneficiaries ETF Stock Up 1.5%

The firm has a market capitalization of $1.57 billion, a P/E ratio of -2,274.58 and a beta of 0.79. The company has a fifty day simple moving average of $47.68 and a 200 day simple moving average of $45.04.

Horizon Kinetics Inflation Beneficiaries ETF Increases Dividend

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

Institutional Trading of Horizon Kinetics Inflation Beneficiaries ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Private Trust Co. NA lifted its stake 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 worth $36,000 after buying an additional 769 shares in the last quarter. Leavell Investment Management Inc. purchased a new position in Horizon Kinetics Inflation Beneficiaries ETF in the 2nd quarter worth approximately $1,438,000. Bank of Jackson Hole Trust bought a new position in Horizon Kinetics Inflation Beneficiaries ETF in the 2nd quarter valued at approximately $60,000. JPMorgan Chase & Co. boosted its stake in 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 purchasing an additional 628,255 shares during the last quarter. Finally, Waterloo Capital L.P. bought a new stake in shares of Horizon Kinetics Inflation Beneficiaries ETF in the 2nd quarter worth $4,023,000.

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.