Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) Sees Strong Trading Volume – Should You Buy?

Shares of Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) saw an uptick in trading volume on Friday . 677,211 shares were traded during mid-day trading, an increase of 148% from the previous session’s volume of 273,587 shares.The stock last traded at $49.97 and had previously closed at $49.68.

Horizon Kinetics Inflation Beneficiaries ETF Trading Up 0.4%

The firm has a market capitalization of $1.47 billion, a P/E ratio of -2,163.17 and a beta of 0.79. The firm has a 50-day moving average of $45.03 and a two-hundred day moving average of $43.78.

Horizon Kinetics Inflation Beneficiaries ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Tuesday, December 23rd were paid a $0.102 dividend. This represents a $0.41 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Tuesday, December 23rd. This is an increase from Horizon Kinetics Inflation Beneficiaries ETF’s previous quarterly dividend of $0.10. Horizon Kinetics Inflation Beneficiaries ETF’s dividend payout ratio is -2,427.61%.

Hedge Funds Weigh In On Horizon Kinetics Inflation Beneficiaries ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its holdings 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 worth $201,379,000 after buying an additional 628,255 shares during the period. Waterloo Capital L.P. acquired a new position in shares of Horizon Kinetics Inflation Beneficiaries ETF in the second quarter worth approximately $4,023,000. Leavell Investment Management Inc. bought a new stake in Horizon Kinetics Inflation Beneficiaries ETF in the second quarter valued at approximately $1,438,000. Janney Montgomery Scott LLC increased its position in Horizon Kinetics Inflation Beneficiaries ETF by 10.5% during the 2nd quarter. Janney Montgomery Scott LLC now owns 279,661 shares of the company’s stock valued at $11,793,000 after purchasing an additional 26,550 shares during the period. Finally, LM Advisors LLC bought a new position in Horizon Kinetics Inflation Beneficiaries ETF during the 2nd quarter worth approximately $298,000.

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.