Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) Sets New 12-Month High – Time to Buy?

Shares of Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $43.18 and last traded at $43.03, with a volume of 10229 shares trading hands. The stock had previously closed at $42.85.

Horizon Kinetics Inflation Beneficiaries ETF Stock Performance

The firm has a fifty day moving average of $41.43 and a 200 day moving average of $40.30. The firm has a market capitalization of $1.28 billion, a PE ratio of 24.71 and a beta of 0.81.

Horizon Kinetics Inflation Beneficiaries ETF Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, March 27th. Stockholders of record on Wednesday, March 26th were given a dividend of $0.17 per share. This is a boost from Horizon Kinetics Inflation Beneficiaries ETF’s previous dividend of $0.14. The ex-dividend date was Wednesday, March 26th.

Hedge Funds Weigh In On Horizon Kinetics Inflation Beneficiaries ETF

A number of institutional investors have recently added to or reduced their stakes in INFL. GAMMA Investing LLC purchased a new stake in shares of Horizon Kinetics Inflation Beneficiaries ETF during the first quarter worth about $34,000. Ameriflex Group Inc. purchased a new stake in Horizon Kinetics Inflation Beneficiaries ETF during the 4th quarter worth approximately $47,000. Private Trust Co. NA raised its position in shares of Horizon Kinetics Inflation Beneficiaries ETF by 2,495.3% in the 4th quarter. Private Trust Co. NA now owns 2,777 shares of the company’s stock valued at $106,000 after purchasing an additional 2,670 shares in the last quarter. Copia Wealth Management purchased a new position in shares of Horizon Kinetics Inflation Beneficiaries ETF during the 4th quarter valued at approximately $176,000. Finally, Principia Wealth Advisory LLC boosted its stake in shares of Horizon Kinetics Inflation Beneficiaries ETF by 18.0% during the 1st quarter. Principia Wealth Advisory LLC now owns 7,769 shares of the company’s stock valued at $299,000 after buying an additional 1,184 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.