Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) Hits New 52-Week High – Time to Buy?

Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) reached a new 52-week high during trading on Monday . The stock traded as high as $44.81 and last traded at $44.42, with a volume of 11749 shares. The stock had previously closed at $44.54.

Horizon Kinetics Inflation Beneficiaries ETF Stock Down 0.1%

The firm has a 50 day moving average of $42.70 and a 200 day moving average of $41.74. The firm has a market cap of $1.33 billion, a price-to-earnings ratio of -1,929.30 and a beta of 0.92.

Horizon Kinetics Inflation Beneficiaries ETF Dividend Announcement

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

Institutional Investors Weigh In On Horizon Kinetics Inflation Beneficiaries ETF

A number of hedge funds have recently added to or reduced their stakes in INFL. GAMMA Investing LLC acquired a new stake in Horizon Kinetics Inflation Beneficiaries ETF in the first quarter valued at approximately $34,000. Private Trust Co. NA grew its stake in 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 valued at $36,000 after acquiring an additional 769 shares during the period. Bank of Jackson Hole Trust acquired a new stake in Horizon Kinetics Inflation Beneficiaries ETF in the second quarter valued at approximately $60,000. LM Advisors LLC acquired a new stake in Horizon Kinetics Inflation Beneficiaries ETF in the second quarter valued at approximately $298,000. Finally, Principia Wealth Advisory LLC grew its stake in 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 valued at $299,000 after acquiring an additional 1,184 shares during the period.

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.