Cullen Frost Bankers Inc. Has $5.17 Million Stock Holdings in Horizon Kinetics Inflation Beneficiaries ETF $INFL

Cullen Frost Bankers Inc. trimmed its position in Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) by 28.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 122,600 shares of the company’s stock after selling 49,400 shares during the period. Cullen Frost Bankers Inc. owned approximately 0.41% of Horizon Kinetics Inflation Beneficiaries ETF worth $5,170,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC bought a new stake in Horizon Kinetics Inflation Beneficiaries ETF in the 1st quarter valued at about $34,000. Private Trust Co. NA increased its position in Horizon Kinetics Inflation Beneficiaries ETF by 801.0% in the 2nd quarter. Private Trust Co. NA now owns 865 shares of the company’s stock valued at $36,000 after buying an additional 769 shares in the last quarter. Copia Wealth Management increased its holdings in Horizon Kinetics Inflation Beneficiaries ETF by 55.3% during the 2nd quarter. Copia Wealth Management now owns 12,469 shares of the company’s stock worth $526,000 after purchasing an additional 4,441 shares in the last quarter. Baird Financial Group Inc. increased its holdings in Horizon Kinetics Inflation Beneficiaries ETF by 50.9% during the 1st quarter. Baird Financial Group Inc. now owns 124,625 shares of the company’s stock worth $5,066,000 after purchasing an additional 42,058 shares in the last quarter. Finally, Longview Financial Advisors Inc. increased its holdings in Horizon Kinetics Inflation Beneficiaries ETF by 7.6% during the 1st quarter. Longview Financial Advisors Inc. now owns 168,749 shares of the company’s stock worth $6,860,000 after purchasing an additional 11,956 shares in the last quarter.

Horizon Kinetics Inflation Beneficiaries ETF Stock Performance

Shares of INFL opened at $43.14 on Thursday. The stock has a 50 day moving average price of $43.55 and a two-hundred day moving average price of $42.18. The firm has a market capitalization of $1.31 billion, a P/E ratio of -1,870.12 and a beta of 0.92. Horizon Kinetics Inflation Beneficiaries ETF has a 52 week low of $35.08 and a 52 week high of $45.29.

Horizon Kinetics Inflation Beneficiaries ETF Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Wednesday, September 24th were issued a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, September 24th. This represents a $0.40 annualized dividend and a dividend yield of 0.9%. Horizon Kinetics Inflation Beneficiaries ETF’s dividend 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.