Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) Sets New 1-Year High – What’s Next?

Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL)’s share price reached a new 52-week high on Thursday . The stock traded as high as $47.87 and last traded at $47.81, with a volume of 256881 shares changing hands. The stock had previously closed at $47.08.

Horizon Kinetics Inflation Beneficiaries ETF Stock Performance

The stock has a market cap of $1.41 billion, a P/E ratio of -2,095.98 and a beta of 0.79. The firm has a 50-day moving average price of $44.73 and a 200-day moving average price of $43.60.

Horizon Kinetics Inflation Beneficiaries ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Tuesday, December 23rd were issued a dividend of $0.102 per share. 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. This represents a $0.41 dividend on an annualized basis and a dividend yield of 0.8%. Horizon Kinetics Inflation Beneficiaries ETF’s dividend payout ratio (DPR) is presently -2,427.61%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of INFL. Private Trust Co. NA increased its stake in shares of Horizon Kinetics Inflation Beneficiaries ETF by 801.0% during the second quarter. Private Trust Co. NA now owns 865 shares of the company’s stock valued at $36,000 after purchasing an additional 769 shares in the last quarter. Bank of Jackson Hole Trust purchased a new stake in shares of Horizon Kinetics Inflation Beneficiaries ETF in the 2nd quarter worth approximately $60,000. Ameriflex Group Inc. increased its position in Horizon Kinetics Inflation Beneficiaries ETF by 306.1% during the 3rd quarter. Ameriflex Group Inc. now owns 4,906 shares of the company’s stock valued at $219,000 after buying an additional 3,698 shares in the last quarter. LM Advisors LLC bought a new position in Horizon Kinetics Inflation Beneficiaries ETF during the 2nd quarter valued at approximately $298,000. Finally, NewEdge Advisors LLC raised its stake in Horizon Kinetics Inflation Beneficiaries ETF by 9.4% during the second quarter. NewEdge Advisors LLC now owns 12,009 shares of the company’s stock valued at $506,000 after buying an additional 1,028 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.